CREG's reaction on the negative reactions on transit tariffs

The CREG issued a press release today in which it concluded:

The different decisions of the CREG in relation to the transport and transit tariffs have been taken in the general interest:

1. The natural gas consumers are being protected against a take over price of the transit contracts of Distrigas & Co by Fluxys that might be too high;
2. A return on investment of 9% for a monopoly is a stimulus to keep on investing in the natural gas transmission system; in this way, Fluxys has the perspective for a higher profit margin for the planned investment projects (VTN/RTRbis and North-South);
3. Lower transit tariffs will attract foreign companies with a real chance of synergies on the Belgian market;
4. Belgium gains attractiveness as a transit country for natural gas, which will enforce the security of supply and the Belgian economy;
5. A balanced distribution of the costs of transport and transit will lead to a substantial decrease of interior transport tariffs for all Belgian gas consumers;
6. The non-regulated monopolistic profits of Distrigas&C°, which have never been reinvested in the gas network, will decrease;
7. The profits of the transit activity will finally be Fluxys’s, who will be able to invest in its transmission system.

CREG's reaction on the negative reactions on transit tariffs