Spectator on facebook

Spectator on facebook

SPP to maintain household bills despite Gazprom deal

Despite a recent deal between Slovak gas utility Slovenský Plynárenský Priemysel (SPP) and its main supplier, Russia’s Gazprom, securing better terms for the Slovak firm’s purchases of natural gas purchases over the next 20 years, the company does not intend to reduce the prices that it charges household customers, the Sme daily reported.

Despite a recent deal between Slovak gas utility Slovenský Plynárenský Priemysel (SPP) and its main supplier, Russia’s Gazprom, securing better terms for the Slovak firm’s purchases of natural gas purchases over the next 20 years, the company does not intend to reduce the prices that it charges household customers, the Sme daily reported.

“The new alteration of the contract will revise the purchase price to reflect the actual development of market prices for gas more,” said Peter Bednár from SPP, adding that the company would not publish any details of the new deal.

Despite the better terms, the company said it did not see any reason why it should change the prices of natural gas charged to households. It said the reduction of the prices it pays Gazprom would merely reduce its existing losses, according to Bednár.

However, the final word on household prices will lie with the Regulatory Office for Network Industries (ÚRSO) after it has seen the new agreement.

Source: Sme

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

Top stories

Investigator: We have cases where parents have sold their own daughters for sex Photo

The price of a human when trafficked on the black market is between €3,500 and €20,000.

Adrián Begáň

Not now, Scots told by UK

Scotland's pro-independence leader may secretly be relieved not to have to stage referendum while Brexit underway

Nicola Sturgeon

A firm’s owner can impede generational succession

Seven key ways to deal with transition of a family business.

Family business, illustrative stock photo.

Blog: How can the international community help national parks in Slovakia? Video

The current system of conservation with rapid habitat losses inside national parks is insufficient to sustain biodiversity and protect our biological heritage.