NO CONDITIONS FOR PUBLIC SUPPLY PRICE CHANGE

The Energy Agency has been informed in a letter sent by the Ministry of Mining and Energy as of March 23 that, in line with the tender where the Government selected PE “Srbijagas” as the public suppliers’ supplier, expected gas wholesale price (which includes an import price and a fixed charge prescribed in the tender) in the second quarter of 2015 will amount to 383.57 USD/1000 m³. Final customers’ price which has been applicable since March 2015 has been established on the basis of the previous wholesale price of 405.80 USD/m³.

The relevant Dollar exchange rate for the calculation of Dinar prices has been increased since the previous modification from 108.01 to 111.82 RSD/USD and, therefore, the wholesale price given in RSD has been modified from 43.83 to 42.89 RSD/m³, i.e. less than 3% which means that there are no conditions for a change in gas price for households and small customers.

Please note that the procedure for price change takes at least 10 working days since the day the wholesale price is established. In this period, public suppliers calculate retail price, adopt decisions on prices and submit them to the Agency for verification and approval, upon which, the Agency’s approval is published in the Official Gazette.