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Until November, the price of gas in Austria had been rising steadily since May 2018, up 41% over this period.
Compared with the previous year, price increases in summer will increase by 38.7%.
In December, the ÖGPI has 102.7 points.
The Austrian index of gas prices ÖGPI, first published in March 2010 by the Austrian Energy Agency, was based on the evolution of diesel and home heating oil prices. . The gas import contracts, which provided for the maintenance of prices for the development of petroleum products for heating, constituted the factual basis for these contracts: it consists mainly of diesel fuel (very light fuel oil) and fuel oil. heavy or light fuel oil. Due to the availability of data, there is a 3 to 6 month follow-up of these data, in which this information is included in the price slip formulas.
Following the liberalization of natural gas markets and the creation of natural gas exchanges and trading venues, the volume of gas purchased has been progressively modified with the pricing of oil on natural gas purchases during the last years. Therefore, the methodology of the ÖGPI had to be adapted accordingly.
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