AB Ignitis grup Lithuanian Government Passed Additional Resolutions Regarding Energy Price Compensations
21 Dezembro 2022 - 11:55AM
UK Regulatory
TIDMIGN
AB "Ignitis grup " (hereinafter -- the Group) informs that in
the meeting held on 21 December 2022 the Government of the Republic
of Lithuania (hereinafter -- the Government) supplemented last
week's resolution to compensate prices for the consumers with
reimbursement of the regulatory differences accumulated over 2022
by the Group's Network segment in the amount of EUR 145.39 million.
Pursuant to the resolutions of the Government, a total of EUR
291.81 million of regulatory differences will be reimbursed to the
Group companies, including the Government's resolution passed last
week on reimbursement of EUR 146.42 million (incl. VAT) to the
Networks segment. This will have a positive effect on the Group's
working capital funds.
The aforementioned regulatory differences of the Networks
segment have accumulated over 2022 due to the gap between the
actual prices of electricity used for technological needs and the
ones determined (as well as forecasted) by the National Energy
Regulatory Council (hereinafter -- NERC).
According to the Government's resolution, the customers
connected to low voltage networks operated by AB "Energijos
skirstymo operatorius" (hereinafter -- ESO) will be compensated
1.85 ct/kWh (incl. VAT) for the additional component to the
electricity distribution service, and customers connected to the
medium voltage network -- 1.38 ct/kWh (incl. VAT).
According to the Government's resolution, the funds allocated
for the partial compensation of additional components will be paid
to ESO and other distribution service operators in December 2022.
The state budget funds for the partial compensation will be paid,
in accordance with the procedure approved by the Government, to the
recipients of these funds by the administrator -- ESO, and, in
turn, the administrator will be paid by the Ministry of Finance of
the Republic of Lithuania in accordance with the procedure set out
in the agreement on the use of the state budget funds.
The Group had announced about the Government's plans to reduce
energy prices for consumers and the adopted legislation earlier (
https://www.globenewswire.com/Tracker?data=Q4ZnEayQhc5z66h43-5zabgfif5tXsnULRLpzdPLeE8AerstDDn3liP7I4Gn-zR1nz6-fB4cM-YuZ7sw8S6qWFAWFw5aet_YBLdSRUAi6ewqvt1ukZ5tkPRyrTlpXipu-5DHSFWYdXMZ59geIo-NFA==
link).
For more information please contact:
Art ras Ketlerius
Head of Public Relations at Ignitis Group
arturas.ketlerius@ignitis.lt
+370 6 207 6076
(END) Dow Jones Newswires
December 21, 2022 09:55 ET (14:55 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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