Gas price rises

Source: Focus Information Agency Sofia. The Energy and Water Regulatory Commission announced its final decision on Bulgargaz’ application for the natural gas price for the first quarter of 2019. It approved a price of BGN 44.80 per MWh, 3.51% higher than the price in the fourth quarter of 2018. The real increase for households and business customers will be below 2%, as access, gas transport, distribution and supply prices remain unchanged, the regulator said. The change in the gas price will not affect the price of heating, electricity prices on the regulated market also remain unchanged. © 2018 All rights reserved. Citing Focus Information Agency is mandatory! … [Read more...] about Energy regulator: Natural gas price rises 3.5% from January 1

Picture: AFP Sofia. The price of natural gas will increase by 13.89% from 1 October, the energy regulator said. By decision of the Energy and Water Regulatory Commission (KEVR) the price of the raw material is BGN 456 per 1000 cubic metres. The Commission adopted a decision on the Bulgargaz’ application for price confirmation for the fourth quarter of 2018, based on which the public supplier will sell natural gas to the end suppliers of natural gas and customers connected to the gas transmission network. When confirming the price of natural gas, KEVR considers the terms of the current contract between Bulgargaz and Gazprom Export and fully applies the methodology, which takes into account the changes in the world market prices of oil and alternative fuels over the last nine months, the calorific value of the natural gas, as well as the changes in the U.S. dollar to Bulgarian lev exchange rates. © 2018 All rights reserved. Citing Focus Information Agency is mandatory! … [Read more...] about Bulgarian energy regulator: Natural gas price rise 14% from 1 October

Source: Focus Information Agency Sofia. A 7% increase in the price of heating and hot water can be expected in the new heating season if the gas price goes up by 10%, Ivan Hinovski from the Bulgarian Energy Forum told Focus Radio. He said the increase could be 3.5% for heat and power each or 7% for only one of the services. “I believe that the regulator will do its best to contain this significant 7% rise and will set a limit price, only 5% higher. Processes related to international prices are in store for us. This rise will inevitably continue. These are the forecasts based on the increased demand for natural gas,” said Ivan Hinovski. He further said the gas price was expected to grow by 5-8% every year. © 2018 All rights reserved. Citing Focus Information Agency is mandatory! … [Read more...] about Ivan Hinovski, energy expert: 7% higher heating price can be expected next season if gas price rises by 10%

Ukraine must raise gas prices to market levels in order to qualify for more aid under a $17.5 billion IMF program. Photo from UNIAN Ukraine, which wants to resume cooperation with the International Monetary Fund (IMF), may need to increase household gas prices, Prime Minister Volodymyr Groysman was quoted as saying on Thursday. Earlier this month the government extended a freeze on gas prices until at least September 1, reducing its prospects of securing more money from the IMF which is needed to keep its war-battered economy on a stable footing, Reuters said. "You know that there are obligations that (our) gas prices will rise in conditions of rising global gas prices. I have been restraining this situation for a year. However, now there is a question of another increase," he said. "This requirement arose because we need to work with external borrowings," he added. Read also PM Groysman: Further cooperation with IMF to let Ukraine avoid default Ukraine must raise gas … [Read more...] about Ukraine PM signals possibility of gas price rises – media

The price of natural gas is on the rise and it is expected to be 10 percent higher for population this winter and 40 percent higher in the winter of 2019. The price will be higher for the natural gas from internal production and for the imported one, according to the analysis made by Smart Energy Association (SEA) based on the Romanian Commodities Exchange (BRM). Also, based on the transactions carried out on BRM, the prices for gas will be higher in the northern part of the country, where the rise may be up to 13 percent. Global trends show that the gas prices are on the rise all over the world. The future prices for gas in Q4 2018, the last quarter of the year, are 10 percent higher than those in Q4 2017, as it is seen on the CEGH Scholarship in Vienna, the nearest gas exchange to Romania. Past experience show that this future price is used as a benchmark for the price of gas in the Russian Federation sold in Central and Eastern Europe. The 40 percent increase estimated for next … [Read more...] about Natural gas prices expected to increase by 10 pct this winter and up to 40 pct in the winter of 2019