Does the gas price raise coastal property costs?

The gas price rarely affects flats directly, but it is more likely to affect commercial units. On 13 October Bulgargaz applied for a regulated gas price of 59.08 € per megawatt hour for November, after 44.09 € in October, almost 34 per cent more. The application concerns the regulated price and does not automatically mean the same cost increase for every business; the Energy and Water Regulatory Commission has yet to decide. Most homes on the coast are heated electrically, so the gas price rarely feeds through to the running costs of a flat. The electricity exchange price rose on 9 October within two hours from 148.35 € to 379.67 € per megawatt hour. For buyers of a let commercial property, such as a hotel or restaurant, this means that whoever buys electricity at exchange prices bears such swings directly. Buyers should review the electricity supply contract before the purchase and check whether the price is fixed or linked to the exchange.