The Management Board of the Commission for Regulation of Electricity and Gas (CREG) approved Fluxys Belgium's tariff proposal for the 2016-2019 regulatory period today. The new tariffs offer the market stability in terms of both price level and structure.

CREG and Fluxys Belgium are pleased that the 2016-2019 tariffs have been approved in late October as it provides a clear view on the future tariffs at an early stage.

Tariff reduction maintained

The 7% tariff reduction introduced at the start of 2015 is maintained in the new tariffs. This is possible thanks among other things to Fluxys Belgium's efficient cost management and despite the market trend to reserve services at very short term. Fluxys Belgium is one of the few natural gas infrastructure operators in Europe to continue applying such a reduction. This also ensures that the share of transmission costs in the natural gas price charged to end users remains low and stable.

Greater transparency and flexibility

The approved proposal also provides for a transparent mechanism enabling interim tariff reviews in the event of significant deviations from the hypotheses underlying the tariffs. In addition, a new service will be developed to offer greater flexibility in booking capacity for delivery to end users connected to the Fluxys Belgium grid. Fluxys Belgium will hold a market consultation with a view to developing the new service.

New tariff methodology

The 2016-2019 tariffs were prepared, calculated and approved using the new tariff methodology approved by CREG's Management Board in December 2014. The new methodology arose from constructive consultation between CREG, Fluxys Belgium and Fluxys LNG - on the basis of an open market consultation - with the aim of offering tariffs that are among the most competitive in Europe.

Press contacts

Fluxys Belgium CREG
Laurent Remy Annemarie De Vreese
Tel. : +32 2 282 74 50 Tel.: +32 2 289 76 90
laurent.remy@fluxys.com annemarie.devreese@creg.be

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