Thursday, November 15, 2012

Ministry of Economy does not recommend ownership unbundling

The ministry has recommended to Slovak government to use the option offered by new Act on energy (251/2012 Coll.) and decide not to use ownership unbundling (OU) in case of gas market infrastructure. Rather the ITO model – set up of an independent transmission operator – should be preferred.

In this case the transmission system operator (eustream) may remain part of a vertically integrated undertaking of the Slovak Gas Enterprise (SPP).

„Of all three unbundling models the ITO model is a subject of the strongest control by national regulators and the European Commission. Also more extensive course of certification process of the operator may be expected from the part of national regulators and the EC,“ ministry says in its proposal which has been sent to the document review stage.

According to the Act on energy, the government may decide not to apply the OU provisions until December 1, 2012.

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