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PGNiG will lower residential gas prices by 10% in 2013 (Poland)

The Energy Regulatory Office (URE) has approved PGNiG's proposal to lower gas prices, as well as subscription fees for households. The reduction will affect all types of gas sold by PGNiG. On average, households' gas bills will go down by 10%. The new tariffs are to come into effect as of 1 January 2013.

Due to lower prices and subscription fees, the average annual gas bills paid by households using gas to prepare meals (the W-1.1 tariff group) will decrease by more than PZl 38 (or €9.29, VAT inclusive), or 9.7%. Customers who use gas to prepare meals and heat water (the W-2.1 tariff group) will see their bills reduced by an average of PLN 154 (€37.7, VAT inclusive), or 10.1%/year. The annual gas bills paid by customers with a gas-fired heating system installed at home (the W-3.6 tariff group) will fall by an average of nearly PLN 580 (€142), or 10.6%. The proposed tariff reduction applies also to customers in the S and Z tariff groups, i.e. those who draw nitrogen-rich gas.

The price of gaseous fuel for industrial customers will decrease by 3.3%. Thanks to the new tariff, the price asked by PGNiG will be around €0.5/MWh lower than the prices currently recorded on wholesale gas markets with respect to contracts providing for a flat supply profile and take-or-pay clauses covering 100% of contracted volumes. Further, the amended tariff defines prices, charge rates and settlement rules to be applied to trade in gas at a virtual point, adjusted to new legal provisions (the national grid regulation) and the Transmission Grid Code of OGP Gaz-System, taking full effect as of 1 January 2013.

According to the decision issued by the President of URE, the amended tariff for the supplies of gaseous fuel will remain in effect until September 30th 2013.