Spectator on facebook

Spectator on facebook

SPP requests 17-percent hike in home gas prices

Slovakia’s primary natural gas utility, SPP, asked the Regulatory Office for Network Industries (ÚRSO) for an average 17-percent increase in natural gas prices for households in a request sent on June 13, the SITA newswire reported.

Slovakia’s primary natural gas utility, SPP, asked the Regulatory Office for Network Industries (ÚRSO) for an average 17-percent increase in natural gas prices for households in a request sent on June 13, the SITA newswire reported.

"The reason behind the proposed adjustment of prices is that the company has not been given space to mirror its real costs in prices since the start of this year and also the absence of a correction factor in the regulation framework. According to our latest calculation, SPP faces the threat of a considerable loss of several tens of millions of euros in the regulated segment," SPP spokesman Peter Bednár told SITA on June 27.

SPP stated that the regulator has failed to fully take into consideration SPP’s costs in the prices it approved last year and this year.

"This caused a further artificial fall in the regulated price of gas," Bednár stated, as quoted by SITA. The spokesman also said SPP does not understand why the regulatory authority refuses to include the costs of gas storage in the price to consumers. The utility asserted that the regulator also based its calculation of prices for this year on unrealistic expectations of the exchange rate between the US dollar and the euro and this decreased the regulated price of natural gas, according to Bendár.

Source: SITA

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

Letters can be checked at work – but is it legal?

The recent scandal surrounding the parliamentary office opening and checking the post of MPs has opened the issue of postal privacy – which also concerns emails or text messages – guaranteed by the law.

Andrej Danko, speaker of parliament

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.

Blog: A line does not always form

A foreigners' real experience at the foreigners’ police department in Bratislava.

The foreigners’ police department in Petržalka

Coalition SNS seeks mandatory 13th salary

The business sector claims that such a step would lead to speculation and slow the growth of wages.