On Tuesday, the National Energy Regulatory Council (VERT) set the final public electricity prices for over a million households that have not yet chosen an independent power supplier.

The standard electricity rate for most household consumers is set to increase by 1.5 euro cents, or 9.9 percent, to 16.7 cents per kilowatt-hour, including VAT.

VERT Chairman Renatas Pocius has said that the infrastructure service component of the price has been reduced to mitigate the rising electricity cost for households. This will have an effect on the bills of both regulated and non-regulated consumers.

As part of measures to curb the hike in electricity prices, the parliament has recently pushed back the deadline for around 500,000 consumers to choose their independent electricity supplier by six months.

Earlier, it was estimated that electricity prices for regulated consumers could jump by around 20 percent in 2022.

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