Electricity prices for households in Lithuania are set to rise by around 15 percent on average next January.
© DELFI / Andrius Ufartas

The National Energy Regulatory Council (VERT) approved on Thursday new rates for customers of the electricity and gas supply company Ignitis.

The standard electricity rate is set to increase by 1.9 euro cents, or 14.6 percent, to 14.9 cents per kilowatt-hour, including VAT. Households charged on a time-of-day basis will likely pay 16.8 cents for daytime electricity, up by 2.5 cents, or 17.5 percent, and 10.7 cents for nighttime electricity, up by 0.7 cents, or 7 percent.

The fixed price component remains unchanged at 3 or 6 euros monthly, depending on the plan.

Energy Minister Zygimantas Vaiciunas told BNS in October that the hike in electricity prices for consumers was due to rising wholesale market prices.

Electricity prices for household consumers went up by 15 percent on average in January 2019, too.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Parliament committee backs raising corporate tax for banks to 20 pct

The Lithuanian parliamentary Committee on Budget and Finance has backed the proposal to increase the...

Turkish-capital fintech company established in Lithuania

Universal Payment Transfer , a Turkish -capital fintech company, has established a company in...

Lithuanian logistics company moved its governance to Tallinn

DB Schenker , a Lithuanian logistics company , part of German railway company Deutsche Bahn's group,...

Government renounces banking asset tax but proposes additional corporate tax

Lithuania's government is leaning towards "burying" the planned banking asset tax and is proposing...

Lithuania wants Rail Baltica infrastructure to be owned by individual states

Lithuania is seeking that the European standard-gauge railway Rail Baltica 's strategic...