Energijos Skirstymo Operatorius AB - Notification on material event

Regarding the public electricity price cap for 2017

Energijos Skirstymo Operatorius AB (hereinafter – the Company or ESO),
identification code 304151376, registered office placed at Aguonu str. 24,
Vilnius, Republic of Lithuania. The total number of registered ordinary shares
issued by company is 894 630 333; ISIN code LT0000130023. 

The National Control Commission for Prices and Energy (hereinafter -
Commission) on 10th   November 2016  decided to change the Commission’s
decision dated 23rd  May 2016 when public electricity price ceiling for
Energijos Skirstymo Operatorius AB consumers buying electricity from medium and
low voltage network was set for the second half of 2016. 

According to the Commission’s resolution, for 2017 electricity price cap for
consumers in medium  voltage networks will amount 6.776 ct/kWh (VAT excluded),
in low voltage networks – 8.762 ct/kWh (VAT excluded). 

Currently public electricity price cap for consumers, who buy electricity from
medium voltage networks is 7.499 ct/kWh (VAT excluded) and from low voltage
networks - 9.530 ct/kWh (VAT excluded). 

Public electricity price cap composes of these components: electricity cost,
PSO price, price of system services, transmission service price cap, public
supply service price cap and distribution price cap. 

Final ESO electricity prices and tariffs for 2017 will be clear no later than
30th November, 2016 after Commission‘s publication. ESO will inform about
prices and tariffs according to the laws. 

It is noted that the Commission may further decide on the budget of public
service obligations (PSO) and public electricity price cap adjustment. 


         Representative for Public Relations Martynas Burba, tel. (8~5) 2514516.