Bloomberg News

Slovak Regulator Limits Increase in Household Gas Prices to 5.5%

December 14, 2011

Dec. 14 (Bloomberg) -- The Slovak utility regulator allowed a 5.5 percent increase in gas prices for households beginning in January, turning down a request for a higher jump by the largest supplier.

Slovensky Plynarensky Priemysel AS, the country’s dominant gas company, said in an e-mailed statement today the increase allowed by the Office for Network Industries, the regulator, won’t fully recoup its costs. The company was demanding a 23 percent rise, citing higher prices of the commodity.

The Bratislava, Slovakia-based company, which is 49 percent owned by E.ON Ruhrgas AG and GDF Suez, will analyze the verdict and take unspecified steps to protect its interests, spokesman Ondrej Sebesta said in an e-mailed statement today.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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