Slovakia's natural gas distributor, SPP, is baffled by a decision from the Office for the Regulation of Network Industries (ÚRSO) on August 26 that rejected its request for an 15.9-percent increase in household gas prices as of Oct. 1.
ÚRSO explained that the submitted documents were insufficient to justify the increase.
But in a statement to TASR, SPP wrote it had delivered the regulatory authority all documents required for its decision on the request, coupled with a declaration by an independent auditor who confirmed the accuracy of SPP's calculation.
According to the gas utility, crude oil prices have hit an all-time high of $150 per barrel, which is far above ÚRSO’s estimate of $78 per barrel based on which household prices were set for 2008.
ÚRSO cannot ignore the current global rise in energy prices, it said. TASR
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
27. Aug 2008 at 7:00