Electricity, central heating and gas prices to increase as of July 1

“As of the beginning of next month, electricity, central heating and natural gas prices will increase,” Angel Semerdjiev, Chairman of the State Energy and Water Regulatory Commission (SEWRC), announced yesterday. The price of heating energy will increase by 6% on average, natural gas prices will go up by about 5% and electricity will be hiked by 2%. The price of central heating will rise because of the more expensive gas.

The highest price increase in central heating will be in Varna - by 8%, then comes Russe – by over 7%, and Plovdiv - by 6%. The Central Heating Utility in Sofia will raise its prices by 4%; the price hike in Pleven will be by 5%, and in Vratsa – by 3%, according to SEWRC’s estimates. The price increase in Veliko Tarnovo where central heating is the most expensive at present will be trifling (between 1.5% and 2%).

“The liabilities of central heating utilities to Bulgargaz exceed BGN 117 mln at present,” the company’s Executive Director, Dimitar Gogov specified yesterday. The Central Heating Utility in Sofia is the largest debtor with liabilities of almost BGN 70 mln. “Bulgargaz faces liquidity and financial difficulties because of its huge receivables,” explained Gogov.

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