PGNiG turns up the heat on the market regulator

PGNiG applied for the regulator's consent to increase the price by 12% due to the increased cost of purchasing imported gas (by 4.13%) and the higher cost of purchasing foreign currency. The director of PGNiG's tariff department Cyryl Fedorowicz claims that, "URE decision is against the law since it does not take into account the change of conditions in which we conduct our activities and forces us to sell the gas at a loss." PGNiG mixes domestic gas with imported supplies thanks to which its price is lower than in Western Europe and prevents foreign competitors from entering the market. PGNiG has to sell its gas at the cost of its extraction since its price is fully regulated. The company hopes that the regulator will change its decision and if not it is ready to go to court. (Puls Biznesu, pp. 1, 8) E.B.