Tuesday, December 20, 2022

President of Poland signed a law that freezes gas prices at the 2022 level

 President Andrzej Duda signed a law that will freeze gas prices in 2023 at the level of 2022, the Chancellery of the President announced on Tuesday. Natural gas sellers must apply a maximum of PLN 200.17 per MWh in settlements with end users.

It is designed to protect certain consumers of natural gas in 2023 in connection with the situation on the market. The act is aimed at further minimizing increases in gas fuel prices for the most vulnerable customers, as well as increasing the energy security of the state by ensuring an appropriate level of liquidity for gas companies and timely settlement of liabilities related to ensuring liquidity on the stock exchange market, stressed the Chancellery of the President in a communiqué.

Pursuant to the new regulations, from January 1 to December 31, 2023, gas sellers will be obliged to use a maximum price of PLN 200.17/MWh in settlements with end users. "Additionally, in order to ensure the greatest possible effectiveness of solutions mitigating the risk of gas price increases, a solution has been introduced in which the above-mentioned groups of customers will pay a fee for distribution services at the level resulting from the tariff approved by the President for the distribution system operator for 2022."

The new regulations apply to individual and sensitive recipients such as schools, hospitals, churches, and kindergartens.