September 10 (SeeNews) - Bulgarian public gas supplier Bulgargaz said that it has proposed a 0.11% decrease in the wholesale price of natural gas, to be valid in the fourth quarter of 2019.
According to the proposal, the price will fall by 0.05 levs to 44.85 levs ($25.32/22.93 euro) per MWh, excluding VAT and excise duty, Bulgargaz said in a statement on Monday.
Bulgarian energy regulations require Bulgargaz to set the gas price quarterly, taking into account global oil prices and the lev/dollar exchange rate.
The Energy and Water Regulatory Commission (EWRC) has the final say on proposed changes in the wholesale price, at which the state-owned company sells natural gas to end-suppliers and customers directly connected to its transmission network.
(1 euro = 1.95583 levs)