logo

Moldovagaz says there are no preconditions for reviewing gas rates down


https://www.ipn.md/en/moldovagaz-says-there-are-no-preconditions-for-reviewing-gas-rates-7966_1093095.html

There are now no real preconditions for reviewing the gas rates for end users down following the decline in the purchase price of gas. Such preconditions will appear when the accumulated negative price deviations are cleared, said the director of SA “Moldovagaz” Vadim Ceban. According to him, in the regulated natural gas supply prices applied since October 1, 2022, the purchase price is defined as an average annually price and is included in the gas rate at the level of US$926.94 per 1,000 cubic meters of gas or 17,906.35 lei, IPN reports.

At the same time, the real purchase price in October was US$1,026.36 per 1,000 cubic meters of gas, while in November this is expected to be US$821.58 per 1,000 cubic meters of gas.

Also, the effective purchase price in August 2022 was US$1,458.92 per 1,000 cubic meters of gas, while in September was US$1,882.78 per 1,000 cubic meters. In the approved regulated prices paid by consumers since August 12, 2022, the purchase price was set at US$ 899.08 per 1,000 cubic meters.

So, this didn’t cover the real purchase price of gas and large negative price deviations were accumulated for August and September alone, totaling 902.5 million lei. The deviations of SA “Moldovagaz” for January-September 2022 come to 5.095 billion lei and should be cleared by being included in the gas rate, in accordance with the legislation.

SA “Moldovagaz” noted that the current regulated prices include only a part of the accumulated price deviations of 1.817 billion lei or 4,590  lei per 1,000 cubic meters of gas.