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New tariff methodology for LNG activities

LNG Industry,

CREG has laid down draft new tariff methodology for transmission, storage and LNG terminalling activities, following consultation with Fluxys Belgium and Fluxys LNG.

The methodology 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.

Infrastructure operators

The draft also includes an accelerated approval procedure enabling infrastructure operators to respond flexibly to changes in market demand through tariff adjustment proposals. 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.

CREG will now 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 finalised by the end of 2014 and will be applied from 2016.

Adapted from press release by Katie Woodward

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