The state should intervene if natural gas prices rise by a further 14.38%, representatives of trade unions and the business community said on Thursday. They made the comments to journalists at the Council of Ministers following a meeting of the National Council for Tripartite Cooperation, where participants discussed the draft state budget and the proposed budgets of the National Health Insurance Fund and the Public Social Security for 2027.
Bulgargaz proposed a 14.38% increase in natural gas prices for December, bringing the price to EUR 66.83 per megawatt-hour, up from the EUR 58.43 per megawatt-hour approved by the Energy and Water Regulatory Commission (EWRC) for November. The regulator already approved a 32.52% increase in natural gas prices for November compared with the previous month.
Higher natural gas costs, driven by elevated electricity prices and rising prices of petroleum products, have an adverse impact on both Bulgarian industry and households, Bulgarian Industrial Association (BIA) President Dobri Mitrev said.
He noted that these higher costs were also contributing to declining purchasing power, rising prices and inflation. Taken together, these developments are effectively making people poorer, Mitrev said.
Natural gas prices on the TTF exchange have edged down slightly, but remain at around EUR 85, he added. Bulgaria is in a relatively favourable position thanks to its diversified sources of supply and the fact that slightly less than one-third of the gas delivered under its contract with Azerbaijan is priced at a fixed rate.
Mitrev also stressed that natural gas is an entirely imported resource, meaning Bulgaria has no direct influence over its price. He recalled that the government had pledged to do everything possible to ensure that the proposed increase would not be passed on to consumers.
The state will seek to limit the price increase, or even prevent it altogether, the employers’ representative said.
He described the situation as unfavourable, adding that the lack of clear indications of any significant short-term changes, whether in relation to developments in the Strait of Hormuz or the war in Ukraine, offered little reason to expect any immediate improvement.
According to Podkrepa Labour Confederation Vice-president Ioannis Parteniotis, the proposed increase in natural gas prices would place an additional burden on both businesses and consumers.
Podkrepa believes the state should step in using its regulatory and compensation mechanisms to ensure that businesses and household consumers are not left to bear the burden of the increase.
State Should Step In to Prevent Further 14.38% Increase in Natural Gas Prices, Unions and Businesses Say 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-11-12 06:12:00
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