Electricity prices to rise 18 percent

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Electricity prices to rise 18 percent

Nov 05, 2008
By TBT staff

THE POWER OF MONEY: Lithuanians are due to see a large increase in the price of electricity.

VILNIUS - Electricity prices for households in Lithuania next year will rise by around 7 cents (two euro cents) per kilowatt-hour (kWh) and prices for commercial consumers will go up between 5.3 to 6.5 cents, including VAT. Economic analysts said that while businesses may suffer, households are not likely to see noticeable price hikes until Ignalina Nuclear Power Plant shuts down at the end of 2009. “This will have limited impact. I am not being pessimistic. We are looking at 2010 when we ex ...

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