Bulgarian Minister of Energy denies rapid increase in natural gas prices.

After a sitting of the government today Minister Temenuzhka Petkova gave a briefing regarding natural gas prices. She quickly responded to the rumors, spread through mainstream and social media that there will be a 60% increase in said prices. According to her there will be a less than 2% increase once all procedures on repricing are over. She reminded that recalculations of prices are not wishful thinking, but a requirement by the European Commission that Buglaria has to meet. 

Today a meeting was scheduled between all of the institutions, responsible for natural gas prices. The Ministry of Energy, Bulgargas, Bulgartransgas and the Energy and Water regulatory commission (EWRC). According to the EC requirement from 2011 all of those institutions need to recalculate transport and accessability prices and to implement the new system. 

Petkova further comments on the fact that only by calculating the inflation since 2005 one can see that prices are impossibly low for operators to fully function. The requirement by the EC had to be met about 3-4 years ago and it's only goal is to ensure that natural gas providers in Bulgaria will earn enough to remain a self-sustaining branch of economy. 

(Picture taken from: www.dnes.bg

Vasil Manev

Vasil Manev is a student in Computer Science and an aspiring columnist, studying in Heidelberg, Germany.

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