17.8 C
Bucharest
October 5, 2022
BUSINESS

Price of natural gas for household consumers to drop 3.9 pc on average on April 1

The price of natural gas for household consumers will drop by an average of 3.9 per cent starting on April 1, the National Regulatory Authority for Energy (ANRE) announced on Friday.

According to ANRE, this drop is caused by a fall in the price of natural gas for the regulated market, namely by the elimination of costs for the purchase of imported natural gas (ANRE’s assessment has taken into consideration import levels of 0 per cent in April, May and June), a stable level in the distribution tariffs of SC E.ON Distributie Romania and a drop in the distribution tariffs of SC Distrigaz Sud Retele. The differences between the two suppliers were determined by SC E.ON Energie Romania’s partial recovery of acquisition costs of natural gas imported in the 2008-2012 period, and the total recovery of the same costs by SC GDF SUEZ Energy Romania, the maintaining of the same distribution tariffs by SC E.ON Distributie Romania and an approximately 20 per cent drop in SC Distrigaz Sud Retele’s distribution tariffs.

ANRE points out that the process of natural gas market liberalization for non-household consumer was finalized on 31 December 2014. For this category of clients the ANRE no longer sets natural gas supply prices and the prices are instead formed on the competitive market on the basis of supply and demand, as a result of competitive mechanisms.

 

Related posts

Transilvania Insolvency Practitioner changes name and visual identity to CITR

Nine O' Clock

ICEEfest – Interactive Central and Eastern Europe Festival – 2015: * Over 2,000 participants from 14 countries present in Bucharest

Nine O' Clock

No bonuses for managers of certain public companies

Nine O' Clock