Consumers purchasing over 100m3/hour in the free market are required by the law to provide the expected capacity (nomination) they want to use on the given gas day according to the stipulations of the Regulations of Operation and Trade.
In addition, daily nomination is also necessary if the daily nomination changes compared to the weekly nomination provided in advance.
It is a fee that is payable pursuant to the method stipulated by law on the basis of the difference between the nominated (forecast) amount of gas concerning a given point of purchase on a given gas day last approved by the service provider and the actually consumed quantity.
The meaning of a fixed price is that for the given gas year the parties agree on a fixed price, which does not change within that gas year regardless of the market circumstances. The advantage of a fixed price is that it is not affected by the rise of market prices and/or unfavourable exchange rate changes, so costs are predictable and calculable. The disadvantage of a fixed price is that in the event of a fall of market prices the company cannot make use of favourable prices.
The meaning of an indexed price is that the price of natural gas follows the changes of a given market parameter (e.g. international oil prices), i.e. for a given gas year the price of natural gas is calculated according to an indexed formula. The changes of the index are revised at regular intervals and the current prices are modified according to that.
Act XXXVI of 2006 on Strategic Reserves of Natural Gas (click here to download) Act CXXXIV of 2010 on the Amendment of Act XXVI of 2006 on the Strategic Reserves and Act XL of 2008 on the Supply of Natural Gas (click here to download) The current amount of the contribution is published in the Hivatalos Értesítő (Official Bulletin) after the minister’s approval.
The MSZKSZ (Hungarian Hydrocarbon Stockpiling Association) fee is a contribution to strategic reserves, which is payable by consumers in the free market, and it has appeared as a separate item in the bills since 1 January 2010. It is the Hungarian Hydrocarbon Stockpiling Association’s responsibility to ensure natural gas reserves enough for 90 days for the undisturbed gas supply of the country.
The operation of the association is governed by two prominent acts:
a) those purchasing natural gas within the framework of public utilities service within the period from 1 October 2008 and 30 June 2009, The amount of the fee is calculated on the basis of the gas consumed (HUF/MJ).
The import adjustment factor is an element meant to cover the costs of offsetting import gas prices. Pursuant to section GET 138/A § (2) the following consumers have to pay it:
and
b) those purchasing natural gas within the framework of public utilities service within the period from 1 July 2005 and 30 September 2008, and quit the natural-gas public utilities service as entitled customers by 30 September 2008 at the latest, and between 1 October 2008 and 30 June 2009 purchasing natural gas exclusively within the framework of natural gas trade that was not subject to central pricing policy.
