Gas wholesale price rise fails to cover Mol's purchase costs in H1 2006
The new decree also changed the regulated return in transmission to 6.9% from the earlier 8.5% and to 8.4% from 10 in storage serving public utility supply, Mol said. The new regulation also introduces as a new element a 0.5% return on the cost of goods purchased for resale in the case of Mol's wholesale, marketing and trading unit Mol Földgázellátó, parallel with a change in system access tariffs in transport and storage. The new transport and storage tariffs already reflect the new returns defined by the ministerial decree, Mol noted. The Ministry of Economy and Transport announced on Tuesday that end-user gas prices for businesses and institutions will rise by an average 8% on January 18. Public institutions will be compensated for the price rise by increased budget support calculated in next year's budget support to public institutions. It was earlier announced that the gas price will remain unchanged for households.
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