Energy markets weekly: Brent,...

During the fourth week of August, Brent oil futures for the Front Month...

Europe: Electricity prices show...

During the fourth week of August, electricity prices in major European markets showed...

European electricity demand trends:...

During the last week of August, electricity demand rose in most major European...

European solar and wind...

During the week of August 25, solar photovoltaic (PV) energy production declined across...
Supported byClarion Energy
HomeSEE Energy NewsCroatia, Residential gas...

Croatia, Residential gas prices expected to rise by up to 70 %

Director of Croatian natural gas supplier and distributor Gradska Plinara Zagreb (GPZ) Jeronim Tomas announced steep price increases for both residential and commercial consumers.

Tomas said that household gas bills for January will be by 30 % lower compared to those in December. However, increases can be expected after 1 April and the exact amount will mostly depend on the scope of the Government’s support measures.

He said that increases of up to 70 % are possible in reality, but expressed hope that such situation will not last long. He said that the main culprits for high gas prices are the geopolitical situation in Europe and increased demand following the covid lockdowns.

On the other hand, Croatian Minister of Economy and Sustainable Development Tomislav Coric blames the management of GPZ for significant increase in the price of gas for commercial consumers because it failed to procure sufficient gas volumes at lower prices on time. Instead, GPZ opted for the termination of previous contracts and signing of new contracts at much higher prices.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Energy markets weekly: Brent, TTF gas and CO2 prices show moderate fluctuations in late August

During the fourth week of August, Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $68.80/bbl on Monday, August 25. Prices then fell 2.3% on Tuesday, August 26, hitting a...

Europe: Electricity prices show mixed trends in late August, forecasts point to September declines

During the fourth week of August, electricity prices in major European markets showed mixed trends compared to the previous week. The Nord Pool market in the Nordic countries recorded the largest weekly average increase at 58%. Italy’s IPEX market...

European electricity demand trends: August growth in most markets, UK declines

During the last week of August, electricity demand rose in most major European markets compared to the previous week. Italy saw the largest increase at 6.3%, followed by France at 3.2% and Germany at 2.1%. Spain recorded the smallest...
Supported byVirtu Energy
error: Content is protected !!