Energy regulator cuts household gas prices

Natural gas prices for households will fall by an average of 5.24 percent in 2012, said Jozef Holjenčík, the head of the regulatory board of Slovakia's regulatory authority ÚRSO, on February 29, the TASR newswire reported.

Natural gas prices for households will fall by an average of 5.24 percent in 2012, said Jozef Holjenčík, the head of the regulatory board of Slovakia's regulatory authority ÚRSO, on February 29, the TASR newswire reported.

The board's decision will be prepared in writing and submitted to Slovak gas utility SPP which will then be bound by the decision. "I'm stressing the fact that the decision of ÚRSO's regulation board is definitive and can't be appealed," Holjenčík stated, as quoted by the TASR newswire.

The price cut was heralded as early as a month ago. Holjenčík said in late January that a cut in prices was made possible after Russia’s Gazprom reduced prices for SPP and other European customers.

"SPP views it as unusual that the regulator should announce its decision even before it's delivered to our company," said SPP spokesman Dušan Bednár, adding that SPP will issue a statement on the action after it receives and examines the decision.

"The addendum with Gazprom that was cited by ÚRSO as the justification for the price cut doesn't state any grounds for decreasing regulated prices for households, as it [the addendum] only mitigates, rather than removes, the losses that SPP is incurring in the household segment," the spokesman added.

SPP is 51-percent owned by the state, with a consortium of Ruhrgas (Germany) and Gaz de France owning the remaining 49-percent.

Source: 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.

Top stories

News digest: Keep up the good work, EC head tells Slovakia

Another Covid-19 wave is underway. Toblerone will produce chocolate in Slovakia.


5 h
Igor Matovič (right) shakes hands with OĽaNO MP Andrej Stančík who said he had a problem with a vote together with the far right, but then voted with them anyway.

No, Mr. Matovič, the end doesn't justify the means

OĽaNO’s leader rejects formal cooperation with the fascists, while exploiting a shadow coalition in which they are full members.


9 h
Retired general and security expert Pavel Macko.

Slovakia still isn't ready to host NATO battle groups permanently

But the country will need a long-term NATO presence, a security expert claims.


23. jun
The river Slaná in mid-March.

Work completed at mine that turned river orange

Plan being prepared to solve pollution problem.


23. jun
SkryťClose ad