Energy, Energy Market, Good for Business, Lithuania

International Internet Magazine. Baltic States news & analytics Monday, 01.06.2020, 18:07

Estonia's Enefit starts supplying electricity to Lithuanian households

BC, Tallinn, 01.04.2020.Print version
As Lithuania plans to liberalize its electricity retail market in 2021-2023, Enefit, part of the Estonia energy business group Eesti Energia, has started supplying electricity to some Lithuanian households on Wednesda, writes LETA/BNS.

"We have signed 200 contracts with home users to this date. There's huge interest in our offer and we have received over 1,000 inquiries regarding it. Therefore, we do not change our plan and hope to have 10,000 home users by the end of this year," Vytenis Koryzna, CEO of Enefit Lietuva, told.

"For the first clients who signed contracts by March 10, the physical start of supply is April 1," he added.

Koryzna hopes the existing quarantine will not change the Lithuanian Seimas' plans to adopt the market liberalization law, and the market will be opened as of 2021 as planned.

Enefit Lietuva announced its plans to enter Lithuania's retail electricity market and supply green energy in February.

In the middle of January, the Seimas of Lithuania started deliberating a proposal to gradually completely liberalize the electricity market by 2023 and renounced the regulation of electricity prices for households. Under the amendments, the liberalization would take place in three stages, and consumers will ned to pick independent electricity providers.

The liberalization of the electricity market is one of Lithuania's commitments to the EU. Estonia completely liberalized its electricity market in 2013 and Latvia did so in 2015.

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