The National Energy Regulatory Council has set the price cap for electricity transmission for 2024
02 Oktober 2023 - 4:15PM
The National Energy Regulatory Council has set the price cap for
electricity transmission for 2024
LITGRID AB (company code 302564383, registered office address
Karlo Gustavo Emilio Manerheimo St. 8, Vilnius, Lithuania),
notifies that on September 29th, 2023, the National Energy
Regulatory Council set the price cap of 1.329 ct/kWh for
high-voltage electricity transmission services. This represents a
103 percent increase compared to the cap set for 2023 (0.654
ct/kWh). The change is attributed to the use of accumulated
congestion management revenues in 2023 to amortize the price
growth. Excluding the influence of the congestion management
revenues, the price cap for 2024, compared to the set for 2023, is
32 percent lower.
The new price cap will take effect from January 1st, 2024, it
was approved in accordance with the new wording of the Methodology
for determining the price caps for electricity transmission,
distribution and public supply services approved by the NERC on May
26th, 2022.
Based on the new electricity transmission price cap, the Board
of LITGRID AB will adopt the decision on the price of the
electricity transmission service for the year 2024.
More information: Jurga Eivaitė Communications
Manager tel. +370 613 19977 e-mail: jurga.eivaite@litgrid.eu
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