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Regulator predicts natural gas transmission tariff decline

Photo: pixabay.com.
Public Utilities Commission’s council has approved amendments for the natural gas transmission system’s service tariff calculation methodology. According to the regulator, changes will help raise efficiency of the transmission system’s operator – AS Conexus Baltic Grid.

This could assist with tariff reduction in the future.

It should be said that amendments provide a number of changes. The most significant change will apply to cost correction. Amendments will motivate the system’s operator to be more precise in calculating service costs and volumes.

At the same time, the methodic includes certain mechanisms that motivate system operators to provide services more efficiently. Amendments ensure that users of the system and the operator would benefit from more efficient services, as noted by Public Utilities Commission.

It should be said that prior to approval of amendments, the regulator held public consultations, allowing anyone to voice their opinions and comments on the matter. During the consultation, proposals were received from Conexus Baltic Grid. Some proposals were taken into account.

Considering the current situation, the regulator did not add to the methodic a mechanism for compensation of unexpected costs associated with securing additional capacity.

Amendments to the Natural Gas System Tariff Calculation Methodic will come into force on the next day after their publication in Latvijas Vēstnesis.


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