Deputies amended the law on passing price proposals
Week in Slovakia CASE: Managing boards of companies will again have authority over price proposals Price proposals will be approved only by managing boards of companies. Deputies of the National Council SR repealed the law on handing price proposal by trading companies according to which the proposals had to be approved on a meeting of the general assembly before sent to the Regulatory Office. The companies should return to the traditional way of approving energy prices starting off in May. Deputies from the opposition party Smer-SD tried to moderate the law at the plenary session by suggesting that the proposals would have to be approved by a general assembly of companies which have less than five shareholders. However, the coalition deputies did not approve their amendment. Repealing the law should according to the Minister of Economy Juraj Miškov remove bureaucratic burdens for the companies, their costs and in the end also improve the business environment. Regulation vs. needs of the market „Price regulation of storage services (natural gas storage) for its administrative demands causes the fact that the whole process of creating proposals for storage capacities delays even three months and the it does not correspond with the current demand of the gas market,” said Martin Hollý, director general of the company Nafta, a.s. last year for energia.sk. The problem of price regulation according to him was that the operator of the natural gas storage tanks had to go through an extensive process before it could sing a contract. After those interested in their products handed in their offer, Nafta, a.s. had to work out a price „benchmarking” from surrounding countries in that particular time, based on this benchmarking then work out a price proposal, have it approved by its own general assembly and then asks the regulatory (ÚRSO) to (Zobraziť celý článok)
