"Electricity prices are next year declining due to the lower price of distribution services, lower electricity purchase costs as a result of international links with Sweden and Poland. Positive effects have also been observed due to the change in the price of services in line with public interests," Ramunas Kiaulenas, director of the Public Supplier Department of Lithuania's electricity and natural gas distribution company Energijos Skirstymo Operatorius (Energy Distribution Operator, or ESO), said in a press release.
ESO board on Friday decided that prices would go down by an average of 4.9%, ESO said.
If an endorsement is received from the prices' regulatory authority, the single-zone tariff, which is used by about 70% of clients, will drop by 5%, from 12 to 11.4 euro cents per kilowatt-hour (kWh), from January.
