Free market in electricity
Free market in electricity ensures a possibility for consumers to choose the most acceptable power supplier and most favourable conditions. That results in competition which makes it possible for power suppliers to buy electricity from electricity producers or importers cheaper, and for consumers – to buy electricity from suppliers that offered them a suitable price and conditions. All Lithuanian electricity consumers will have to enter into a contract with a chosen power supplier before 1 January 2015.
How is the market being transformed?
The Lithuanian electricity market is being transformed based on the 2003 EU Electricity Directive. Its aim is to form a common European market for trading in electricity. It is planned that after the creation of the common Lithuanian, Latvian and Estonian electricity market in 2015, this system will be able to be joined to the Scandinavian electricity market Nord Pool.
Market participants
The following activities are developed in the electricity market: production, supply and transport of electricity.
Production of electricity is performed by power plants that sell their product on the common electricity wholesale market for suppliers and producers.
Supply of electricity is performed by companies having a supplier’s licence that buy electricity on the wholesale market from producers, importers or on the electricity exchange and that sell it to consumers. The intermediation of suppliers facilitates trade between producers and consumers. The list of licensed companies is available here.
Suppliers may be public and independent. SKY ENERGY is an independent supplier of electricity. The company is a licensed supplier and can sell electricity to consumers at the most favourable conditions.
Transport of electricity is performed by companies having a licence of an operator of a transmission system and a distribution network. The list of licensed companies is available here.
The following stages are planned in phasing out the application of regulated electricity price rates to electricity consumers:
from 1 January 2010 – the permitted capacity of which is ≥ 400 kW
from 1 January 2011 – the permitted capacity of which is ≥ 100 kW
from 1 January 2012 – the permitted capacity of which is ≥ 30 kW
From 1 January 2013 regulated electricity price rates will apply only to household electricity consumers.
From 1 January 2015 non-regulated electricity price rates will apply to all electricity consumers.
Choose SKY ENERGY as your reliable electricity supplier!
