In accordance with the requirements of Natural Gas Price Regulation Ordinance, Bulgargaz EAD, a daughter company of Bulgarian Energy Holding EAD, prepares and introduces to the State Energy and Water Regulatory Commission (SEWRC), for each quarter of the year, a proposal for confirmation of natural gas sales price.
Taking into account the factors forming natural gas price level, Bulgargaz EAD has filed its proposal to SEWRC to confirm the natural gas sales price for the first quarter of 2013, amounting to BGN 660.64 per thousand m3, VAT and excise excluded. The pride reduction of BGN 67.70 per thousand m3 (9.30 %) in comparison to the valid price, is due to the agreed lower natural gas delivery prices with the Russian side. The proposed price includes 2 % mark-up, amounting to BGN 12.42 per thousand m3 and BGN 7.58 per thousand m3 covering the Bulgargaz EAD’s outstanding revenue from preceding periods.