Natural gas prices for Lithuanian households are to rise by 27-36% from January 2022.
The National Energy Regulatory Council (VERT) set the final gas prices for the customers of Ignitis, the state-controlled energy company.
The parliament has recently passed a package of laws to mitigate the impact of soaring energy prices on consumers.
The measures include spreading out the increase in natural gas prices over five years. Ignitis, a subsidiary of the state-controlled electricity group Ignitis Grupe, is borrowing money from banks and its parent company for this purpose.
Meanwhile, electricity prices for most regulated household consumers in Lithuania are set to rise by around 10% from January 2022.
The VERT set the final public electricity prices for over a million households who had not chosen an independent power supplier yet.
The standard electricity rate for most household consumers is set to increase by 0.015 euro, or by 9.9%, to 0.167 per kilowatt-hour, including VAT. (LRT/Business World Magazine)
