Energy, Legislation, Lithuania

"I can't tell you today by how much electrical energy prices will decrease, because calculations are still ongoing and the final calculations will be made in the coming week," Butkevicius said in a news conference on Friday.

"The price commission is to make its calculations by May 30. We will then take decisions and make them public," the prime minister said.

Electricity prices were not revised at the beginning of the second half in recent years, but given the market situation following the launch of the power links with Sweden and Poland in early 2016, it was decided to reduce these prices, he said.

Electricity prices edged down by 1-3% last January, although politicians had said that these prices would fall by up to 7%.

According to Butkevicius, natural gas prices will decline by 8-14% on July 1.

Gas prices for household consumers were last reduced by around 20% in July 2014 after Russia's Gazprom in May of that year cut the price of gas purchased by Lithuania in 2013 through 2015 by about 21%.

Households were then given a 20% gas price discount until mid-2016, but it was said that it might be extended until 2017.