PGNiG: President of URE’s decision on Wholesale Tariff of PGNiG SA

The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) has been notified of the approval, by way of the President of the Energy Regulatory Office’s (“President of URE”) decision of March15th 2016, of the new PGNiG Gas Fuel Supply Tariff No. 10/2016 (“Wholesale Tariff”.
Wholesale Tariff
Due to the persistently low prices of crude oil and low prices of natural gas across wholesale markets in north-western Europe, PGNiG’s total cost of gas fell below the cost assumed for in the calculation of the existing Wholesale Tariff.
Therefore, the average trading price of gas fuel has been reduced relative to the previous tariff by 9.5% for high-methane gas and by 8.3% for nitrogen-rich gas.
The Wholesale Tariff will remain valid until June 30th 2016.
For detailed information on the approved tariffs, see www.ure.gov.pl and Biuletyn Branżowy URE – Paliwa gazowe (the URE official gazette – Gaseous fuels) No. 11/2016 of Marc15th 2016.