Skip to main content

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

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.