Belgian gas bills to rise by EUR 100 next year
23 November 2005, BRUSSELS — Households in Belgium are expected to pay on average EUR 100 extra next year for their gas if present conditions persist.
23 November 2005
BRUSSELS — Households in Belgium are expected to pay on average EUR 100 extra next year for their gas if present conditions persist.
The estimate is based on a forecast by the Federation of Belgian Electricity and Gas Companies on Tuesday that the price of gas will increase by 10 percent in coming months.
"If circumstances remain unchanged, the prices will rise by 10 percent," federation director Jan Herremans said.
"This is because gas prices are linked to oil prices, but with a definite delay. It takes about six months before a fall or rise in oil prices is reflected in the gas price."
Between the start of 2004 and October 2005, the price of a barrel of crude oil has doubled, while gas has increased in price by 28 percent since the start of this year, newspaper 'Het Laatste Nieuws' reported on Wednesday.
Despite the fact oil prices have fallen by 15 percent in recent weeks, gas companies expect the price of gas to rise by 10 percent in the coming period.
This means that families in Belgium are expected to pay on average EUR 100 extra for gas on an annual basis if the current oil prices remain stable. With winter approaching, that appears pretty much certain.
[Copyright Expatica News 2005]
Subject: Belgian news