Fluxys: CREG Lays Down New Tariff Methodology

Fluxys: CREG Lays Down New Tariff Methodology
Following constructive consultation with Fluxys Belgium and Fluxys LNG, CREG has laid down the draft new tariff methodology for transmission, storage and LNG terminalling activities which is to become effective as from the next regulatory period 2016-2019. The aim is to offer both the market and the infrastructure operators continuity and a stable tariff framework.

The draft new tariff methodology builds largely on the proven principles of the current methodology and remains focused on offering the market tariffs which are amongst the lowest in Europe. In order to increase efficiency in manageable costs, for example, an incentive has been included which benefits both tariffs and operators’ return.

The draft also includes an accelerated approval procedure enabling infrastructure operators to respond flexibly to changes in market demand through tariff adjustment proposals. As it goes, Fluxys Belgium will propose to CREG a tariff decrease of approximately 7% with effect from 1 January 2015.

The draft new tariff methodology also provides a solid framework for investments with a view to enhancing market functioning, strengthening security of supply and further integrating the market.

In a next step, CREG will submit the draft for public consultation in September 2014. Afterwards, it will be sent to the House of Representatives. The new tariff methodology is expected to be finalized by the end of 2014 and will apply as from the next regulatory period 2016-2019.

[mappress]
Press Release, June 20, 2014

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