Government Adopts Decree on Temporary Measure of Limiting Gas Price
Due to the global disturbance in the natural gas market and the sharp jump in the price of this energy source throughout Europe, and in order to ensure security of supply of the Serbian market and protect the economy and citizens who use this energy source, the government adopted a decree on differences in the price of natural gas procured from imports or produced in the Republic of Serbia in the event of disturbances in the natural gas market.
The regulation aims to eliminate the consequences of the jump in the price of natural gas as a way to mitigate the consequences of the energy crisis in order to ensure a normal supply of all consumers with this energy source, it is said on the government’s website.
It is added that, therefore, it was necessary to provide energy entities, which perform the activity of natural gas supply and wholesale supply, with the right to compensation for the difference in the price of natural gas purchased from imports and the price of natural gas used for calculating the price for resale to suppliers, public suppliers and end customers for November 2021.
Also, it was necessary to provide the right to compensation for the difference in the price of natural gas produced in Serbia compared to November 2021.
– Those energy entities are forced to import this energy source at a price multiple times higher than the price that was in effect that month – it is pointed out.
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