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2023-10-17 15:40:00 CEST 2023-10-17 15:39:58 CEST REGULATED INFORMATION Ignitis grupė - Notification on material eventRegarding Networks segment income level of electricity distribution for 2024AB “Ignitis grupė” (hereinafter – the Group) informs that, pursuant to the Methodology for determining the price caps for electricity transmission, distribution and public supply services (link in Lithuanian), on 17 October 2023 National Energy Regulatory Council (hereinafter – NERC) adopted the resolution on the price caps for electricity distribution services of AB “Energijos skirstymo operatorius” (hereinafter – ESO) for 2024 (hereinafter – the Resolution) (link in Lithuanian). NERC established ESO income level of electricity distribution services for 2024, comprising EUR 318,04 million, which is 19,58 % lower compared to the income level set for year 2023 (EUR 395,47 million). Income level change was mainly caused by:
Compared to the income level set for year 2023, the lower level of income for 2024 will not effect adjusted EBITDA, because adjusted EBITDA is determined by investments in the network and the return on investments rate set by the regulator (NERC), which has increased significantly due to the updated WACC methodology (link in Lithuanian). . For more information please contact: Head of Corporate Communications at Ignitis Group arturas.ketlerius@ignitis.lt AB “Ignitis grupė” (hereinafter – the Group) informs that, pursuant to the Methodology for determining the price caps for electricity transmission, distribution and public supply services (link in Lithuanian), on 17 October 2023 National Energy Regulatory Council (hereinafter – NERC) adopted the resolution on the price caps for electricity distribution services of AB “Energijos skirstymo operatorius” (hereinafter – ESO) for 2024 (hereinafter – the Resolution) (link in Lithuanian). NERC established ESO income level of electricity distribution services for 2024, comprising EUR 318,04 million, which is 19,58 % lower compared to the income level set for year 2023 (EUR 395,47 million). Income level chage was mainly caused by:
Compared to the income level set for year 2023, the lower level of income for 2024 will not effect adjusted EBITDA, because adjusted EBITDA is determined by investments in the network and the return on investments rate set by the regulator (NERC), which has increased significantly due to the updated WACC methodology (link in Lithuanian). For more information please contact: Head of Corporate Communications at Ignitis Group
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