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PEGAS - Statement Regarding The Process For Adjustment Of The Conversion System In Quality-Overlapping Market Areas

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In 2012, the German gas industry largely agreed on a phase-out of the fee for converting H-Gas into L-Gas and vice versa within the framework of Konni Gas. After a gradual reduction, the conversion fee was to be abolished on 1stOctober 2016. Until Friday 22nd of March, the German Bundesnetzagentur consulted on a possible extension to end of March 2017 and beyond that date. In its statement, PEGAS acknowledges that the cost of conversion, which have lately increased, need to be covered. However, while this can be achieved via the conversion fee, alternative measures that are market based should be explored first. Details can be found in the statement.

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