Georgia to increase price of natural gas for commercial consumption starting January
No changes will apply to household consumption, the tariff for which is 0.46 tetris. Photo: Nino Alavidze/Agenda.ge
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The cost of natural gas for commercial consumption, except for bakeries, will increase by 0.24 tetris from January 3 in Georgia.
Tbilisi Energy gas supply company announced earlier today that the price will increase from current 0.86 tetris to 1.10 tetris; however, no changes will apply to household consumption, the tariff for which is 0.46 tetris.
In order not to hinder the process of purchasing natural gas and ensure uninterrupted provision of gas supply to the population of Tbilisi, it is necessary to adjust the price of natural gas for non-household consumers”, the company has announced.
The company named the recent fluctuation of the national currency as the reason behind the price as it buys natural gas in US dollars but provides it to consumers at a fixed price in GEL.
Noting that Tbilisi Energy has been preserving ‘the lowest price’ for commercial consumption, it said the company now faces difficulties in accumulating enough financial resources to buy the necessary gas.
The government will cover the utility fees of certain citizens starting November for four months based on their level of consumption of power and gas.
The government of Georgia will continue to provide natural gas supply to areas of the country where it is still not available and in three years 211 villages or 33,000 families will have access to natural gas, announced Georgian Prime Minister Giorgi Gakharia today.
Georgian Best Energy Group has purchased 25 per cent of shares in electricity distribution company Telasi, which serves the Georgian capital city of Tbilisi, for $10.5 million.
The Georgian government will cover utility fees, including sanitary service, gas and water bills for three months (March, April, May) for households which consume less than 200 kWh of electricity and 200 cubic meters of natural gas per month.
Vice President of the Georgian Restaurateurs Association Shota Burjanadze has responded to Tbilisi Energy gas supply company’s decision to increase the natural gas tariff, and stated that the decision is ‘sadism when business is on the verge of collapse’.
Tbilisi Energy gas supply company will not increase the cost of natural gas for commercial consumption. Economy Minister Natia Turnava stated today.