Gas in Bulgaria may become cheaper by 45% in November. This was announced by the executive director of "Bulgargaz" Denitsa Zlateva during the open meeting of the Energy and Water Regulatory Commission (EWRC), where the new price offer of the national supplier for the next month was discussed.
The price proposed to the regulator is BGN 130 per megawatt hour, compared to BGN 233 in October. The price was achieved thanks to successful LNG tenders with two suppliers.
The reasons for the drastic price reduction are the reduced prices on the international exchanges, as well as the start of the interconnector with Greece, through which Bulgaria receives the full agreed quantities of Azeri gas.