Serbia: Gas supply company Srbijagas increases gas price to suppliers by 6,4%, the formula behind the decision

16. August 2013. / News Serbia Energy

Gas supply and distributor company “Srbijagas” offered a realistic gas price which amounted 480 dollars at the moment of request submitting on 1 April 2013 what meant gas price increase by 14%, according to public distributors.

Public Company Srbijagas has announced that gas price for public suppliers will increase by 6,4%, “but it doesn’t mean that price for final buyers increases that much”.

Energy Agency has announced today that gas price for households in Serbia will be higher since 1 September for 4,4% and 5,4% for all buyers.

“Srbijagas” has reminded in the statement that this PC was chosen at public tender announced by Serbian government for public distributors’ supplying.

Managing Director of PC “Srbijagas”, Dusan Bajatovic has said on this occasion that Managing Board of “Srbijagas” has decreased gas price from 480 to 468 dollars per 1.000 cubic meters basing on request from the Ministry of Energy, Development and Environment and on Decision from Serbian Government. This represents additional advantage to consumers from public supply.

PC “Srbijagas” has offered a realistic gas price which amounted 480 dollars for thousand cubic meters at the moment of submitting on 1 April 2013 what meant gas price increase by 14% toward public distributors.

After negotiations with Ministry of Energy, Development and Environment, gas price is decreased by 12 dollars or 2,5% so the final price increase for public distributors amounted 11,5% considering that gas price for final buyers that have right on public supply is not changing at that moment.

Based on tender documentation, automatic price change is planned in accordance with oil formula and that resulted so that price according public suppliers is 6,4% instead of 11,5% what does not mean this is the way to raise a price for final buyers.

New gas prices will be paid from 1 September- it is said in the statement.

Source; Serbia Energy/Srbijagas

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