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2022-12-14 16:05:00 CET 2022-12-14 16:05:00 CET REGULATED INFORMATION Ignitis grupė - Notification on material eventLithuanian Government passed a resolution to extend the energy price compensations for consumersAB “Ignitis grupė” (hereinafter – the Group) informs that on 14 December 2022 the Government of the Republic of Lithuania (hereinafter – the Government) passed a resolution to extend the partial compensation of electricity and natural gas prices for private consumers until the end of the first half of 2023 as well as compensation of the regulatory differences accumulated throughout the second half of 2022. This will have a positive effect on the Group’s working capital. The Government’s resolution stipulates that residents will receive the compensation if their electricity price exceeds 28 ct/kWh (including VAT), however, the compensation size shall not exceed 28.5 ct/kWh (including VAT). The compensated natural gas part, which is related to natural gas acquisition costs, for private consumers will amount 0.99 EUR/m3 (including VAT). These partial compensations of electricity and/or natural gas costs will apply from 1 January 2023 until 30 June 2023. According to the approved 2023 state budget, EUR 714 million is to be allocated for partial electricity and gas price compensation for residents (including the Group’s customers) by compensating a part of their gas and electricity costs, which have risen sharply. Pursuant to the Government’s resolution, EUR 146.42 million (including VAT) will be allocated to consumers to compensate the additional component to the price of the electricity transmission service and the additional component to the price of the natural gas distribution service, which are used to evaluate the regulatory differences of UAB “Ignitis” accumulated throughout the second half of 2022. Pursuant to the Government’s resolution, the funds allocated for partial compensation of additional components will be paid to the public supplier and natural gas supply companies in December 2022. The Group has announced about the Government’s plans to reduce energy prices for consumers and the adopted legislation earlier (link). For more information please contact: Artūras Ketlerius Head of Public Relations at Ignitis Group arturas.ketlerius@ignitis.lt +370 6 207 6076 ![]() |
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