“I believe a delay will be for more than a year, perhaps for three or even four years. For a period when sufficient renewable power generation capacity is installed to reduce the risk of a price hike for consumers,” Šimonytė told the public radio LRT on Tuesday.

Independent electricity supplier Perlas Energija recently announced that it was ceasing operations. Addressing this topic the prime minister said in the interview that some of its customers, who took part in the first and second stage of liberalisation of the retail electricity supply market, would choose new independent electricity suppliers. Whereas those that were taking part in the third stage of liberalisation, which had to be completed by the end of 2022 and involved consumers using less than 1,000 kWh of electricity per year, would return to the public electricity supply.

Earlier Minister of Energy Dainius Kreivys too said that laws would be amended and the third stage of power market liberalisation would likely be postponed.

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