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Balancing service fee

Dear Partners,

We would like to draw your attention to Point III of Annex 3 of the Hungarian Energy and Public Utility Regulatory Authority (MEKH) Decree No. 13/2016 (XII.20) that entered into force on 1 January 2017. Purusant to this, Network Users that concluded balancing contract with our Company and do not have membership in the Trading Platform, a balancing service fee of 10 000 000 HUF/year shall be applied.

The accounting details are contained in Annex 4.6 of our Business Code, in accordance of which the annual fee of the balancing service shall be invoiced in 12 equal monthly instalments. The concerned network users shall receive the relevant contract amendment soon. The concerned network users are kindly requested to send the document to FGSZ Ltd by return post after signing it.

Since the Business Code of our Company entered into effected on 1 April 2017, the invoices of the first four monthly invoice (January-April 2017) are going to be issued at the same time as the invoce for May 2017. In respect of the period between 1 January 2017 and 30 April 2017 the accounting period is one gas month and the network users shall pay the service fee subsequently. The payment deadline shall be 30 calendar days from the date of the issue of the invoice.

​Best regards,

FGSZ Ltd​

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