CURA to consult on gas tariffs

The authority hopes to complete its work in the coming months

The Communications and Utilities Regulatory Authority is starting a consultation on the current gas prices. 

Under the Gas Regulation Act 1995, CURA is responsible for setting rates for regulated customers and special agreement customers.

Currently, the two types of customer are treated differently. 

Special agreement customers, typically large commercial customers, consume more gas and hence pay a higher price for the gas they consume. 

According to CURA they did not need to be regulated as stringently in the past as they were paying a lower tariff than domestic customers. 

However, since then those under the special category were subject to tariffs 'that were higher than expected'. 

The authority is expected to carry out a public consultation and intends to complete its work in the first half of 2025.

Those who believe they may be affected or have concerns or queries are urged to contact CURA for further information on 677022 or by emailing enquiries@cura.im.