Lithuania's energy market regulator has cut the tariffs of Vilniaus Energija (Vilnius Energy), a company owned by France's Veolia, for district heating in an effort to return 24.3 million euros to Vilnius' residents who were overcharged by the supplier.
Vilniaus energija
© DELFI / Mindaugas Ažušilis

The National Commission for Energy Control and Prices decided on Friday to reduce the price of heat energy supplied by Vilniaus Energija by 23.2 percent to 3.88 euro cents per kilowatt-hour, not including VAT.

However, this is not the final tariff as Vilnius' local authority is yet to approve certain price components. Vilniaus Energija is to calculate and announce the exact tariffs by Nov. 25.

Vilniaus Energija has asked for a new projected price of 5.5 cents. District heating consumers in Vilnius pay 5.05 cents, not including VAT, in October.

The regulator said in mid-September that Vilniaus Energija had unfoundedly generated an excess profit of 24.3 million euros between 2012 and 2014.

Inga Žilienė, head of the price commission, has admitted that it will be difficult to return the money to consumers, given that Vilniaus Energija's 15-year lease on Vilnius ' heating grid expires in April 2017.

Vilniaus Energija supplies heating to about 80 percent of buildings in Vilnius, which accommodate about 90 percent of the city's population.

Įvertink šį straipnį
Norėdami tobulėti, suteikiame jums galimybę įvertinti skaitomą DELFI turinį.
  • 1
  • 2
  • 3
  • 4
  • 5
(0 žmonių įvertino)
0
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Latvian PM expects Baltics' power grid synchronization to be completed in 2025

Synchronization of the power grids of the Baltic States with the continental Europe must be completed...

Pilot project of floating solar power plant in Kruonis PSHP receives funding

Experimental floating photovoltaic solar power plant project in Kruonis pumped storage hydroelectric...

Year in Lithuania started with 30% increase of the production of electricity

Although the electricity production in the Baltic States grew by one third in January, the electricity...

Lithuania now has substantial legal arguments to deny access for electricity produced in the unsafe Astravyets Plant

On 7 February 2019, the Meeting of the Parties to the Convention on Environmental Impact Assessment in...

Lietuvos Energija calls for strategic partners to develop offshore wind energy projects

Lietuvos Energija , one of the largest state-owned energy companies in the Baltic States, announces...