MEXICO CITY, Aug 26, 2004 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The Energy Regulation Commission (CRE) will modify the formula for determining gas transport and distribution tariffs, which could mean higher natural gas prices for the approximate 9 million consumers in the country, although companies will clearly benefit.
CRE presented the Federal Commission of Regulatory Improvement (Cofemer) with the final version of the Tariff and Price Transfer Formula for regulated activities in natural gas matters. The new regulation includes eliminating the sanctions that distributors are to pay on surplus income. The Commission explained, under current rules, distributors are obliged to submit to the CRE their estimated sales income, and if they surpass the documented figure, the excess earnings must be either discounted or refunded.
Cofemer said that although the CRE proposal "guarantees the welfare of distributors, it does not guarantee that users will experience the same advantage," as there is the risk that natural gas prices will be raised.
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