Re: Conducting auctions under the Natural Gas Release Programme on 10th February 2020
In accordance with item 13.2.1 of the Agreement for implementation of the Natural Gas Release Programme (the “Agreement”), Bulgargaz EAD offers the quantities unpurchased during the auctions as held on 13th January 2019, as follows:
|
2020 |
MWh |
|
March |
166 926 |
|
April |
166 926 |
|
May |
166 926 |
|
June |
166 926 |
|
July |
166 926 |
|
August |
166 926 |
|
September |
166 926 |
|
October |
166 926 |
|
November |
166 926 |
|
December |
166 926 |
The initial price of the auctions, to be held on 10th February 2020, shall be BGN 45.12 / MWh, as the latter includes, as per the requirements of Art 176а, Paragraph 3, Item 2 and Paragraph 4 of the Energy Act in relation to item 6.2., Item 6.4. and Item 12 of the Agreement, the following components:
- Supply price of BGN 44.54 / MWh made up of:
- Approved by EWRC price at the entry of the National Natural Gas Transmission System;
- Relatively–constant costs;
- Variable costs;
- “Public service obligation” component;
- Entry Point of the National Natural Gas Transmission System capacity costs and transmission to VTP.
- Price escalation of BGN 0.58 / MWh, calculated on the basis of the rate of return, approved by EWRC for Q1 of 2020 (Decision No Ц-1 as of 1st January 2020).
The initial price is VAT excluded.
In accordance with Item 13 of the Agreement, the supply price is subject to an update at the beginning of each calendar quarter, as to the actual price for the respective quarter shall be added the price escalation of BGN 0.58 /MWh as well as the premium resulted from conducting the respective auction.
The Contract shall be concluded in the Bulgarian language. The English version is for informative purposes only, and may be downloaded here.
The draft of the Contract may be downloaded here
Bulgargaz EAD