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Gas price hike possible

GAS prices in Slovakia could go up as of next year following the planned division of local gas utility Slovenský plynárenský priemysel (SPP) into four interconnected companies, the Pravda daily reported.

The rise in price would be possible thanks to a new analysis carried out by renowned firm Arthur D Little for the SPP.

According to the analysis the accounting value of SPP assets is much higher than the one based on which the network regulator has been setting the gas prices in the past three years.

An unnamed source told the daily that the new "evaluation is much higher than the one carried out by EA Technology in 2002".

Gas prices can be influenced because with a higher property value, the SPP can make higher write-offs and maintenance expenditures.

The SPP already informed the authorities about the new analysis and the Economy Ministry is currently preparing a respective document for the cabinet.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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