PGNiG: President of URE's decision on Gas Fuel Supply Tariff

Current Report No. 33/2015The Management Board of Polskie Górnictwo Naftowe i Gazownictwo S.A. ("PGNiG") has been notified of the approval of amendments to PGNiG Gas Fuel Supply Tariff No. 7/2015 (“Wholesale Tariff”) by President of the Energy Regulatory Office's (“President of URE”) decision of April 16th 2015 and the extension of the term of the Tariff until July 31st 2015.
Due to the persistently low prices of crude oil and relatively low prices of natural gas across wholesale markets in north-western Europe, PGNiG's total cost of gas fell below the cost assumed in the calculations of the existing Tariff. As a result, the average high-methane gas price decreased by 7.1%
The price of nitrogen-rich gas was reduced as well. The average price drop is 3.2% and results from the alignment of the price of 1 kWh of nitrogen-rich gas with the price of 1 kWh of high-methane gas. The gradual alignment of prices per energy unit was already seen in the existing Tariff, which was reported by PGNiG once the tariff was approved by the President of URE.
For detailed information, see the amended PGNiG Gas Fuel Supply Tariff No. 7/2015 approved under the President of URE’s Decision No. DRG-4212-6(12)/2015/652/VII/KS, available from www.ure.gov.pl and published in Biuletyn Branżowy URE – Paliwa gazowe (the URE official gazette – Gaseous fuels) No. 16 (804)of April 16th 2015.