GDF SUEZ will not ask for any tariff changes on 1st October , GDF Suez

Release Date: 2010-08-31

In its deliberations dated 31st August 2010, the CRE has confirmed that the current pricing formula has fully represented the supply costs until now. GDF SUEZ is satisfied with these conclusions and as part of the regulatory framework introduced in December 2009 has proposed to include the results of the negotiations with its main suppliers in the pricing formula which will therefore be adapted.

This new formula will be consistent with the long-term contracts necessary to guarantee supply to French households and will include market gas indexing in addition to current indexing.

As commited, the Group will ensure that its customers benefit from all of the progress achieved during its negotiations.

In addition, the company will not be asking for any tariff changes on 1st October. In fact, the changes in oil product prices and dollar exchange rate as well as the result of negotiations with suppliers have led to stability in pricing conditions.

Type:	NORMAL
Company:	GDF Suez
Country:	France