Arera, urgent resolution on the default gas service. Meanwhile, the price drops

Arera urgent resolution on the default gas service Meanwhile the

(Finance) – Le great difficulties of utilitieswith dozens of small and medium-sized enterprises that find themselves in a situation of great financial difficulty, pushes the Regulatory Authority for Energy, Networks and the Environment (ARERA) to publish a resolution containing “urgent provisions regarding the default transport service and the assignment of transport capacity. “The provision concerns the service with which Snam it supplies gas to utilities that have difficulties with the procurement of raw materials, and which therefore could find themselves without gas to sell to end users.

The Authority deemed it appropriate to supplement the regulations on transport default by providing that “temporarily and exceptionallyand in any case limited to period 1 October 2022 – 31 March 2023Snam Rete Gas can procure the quantities of gas necessary for carrying out the default transportation service also through purchases in advance of the gas day and according to the methods defined by the same and approved by the Authority “.

Furthermore, it is considered appropriate “consequently update the fee applied to take into account the financial cost associated with the period between the time of payment of the procured resources and that of the due date of the invoices to the beneficiaries of the default transport service “.

Also today, ARERA also increased by 800 million euros, from 2.5 billion to 3.3 billion, the allocated resources to Snam for the execution of the filling of last resort.

ARERA’s measures come at a time when i gas prices in Europe fell for the fourth consecutive week, with the countries of the Old Continent accumulating gas and taking emergency measures before winter. Also helping to fill the stockpiles are the LNG supplies arriving from North America.

The price of TTF gas futures contractsused by operators as a benchmark for the European market, ended the day down by 2.97% a 181.9 euros / MWh. Although the prices are far from the 350 euros / MWh reached at the end of August, the price remains over five times higher than in the same period last year.