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President Gitanas Nauseda and Prime Minister Ingrida Simonyte on Thursday discussed the situation in the electricity market and agreed that consumer protection is the state's top priority now, a spokesman said.
President and PM see protecting electricity consumers as top priority
© DELFI / Andrius Ufartas

"During the meeting, it was agreed that the protection of Lithuanian consumers is currently the top priority of the state, and the government will in the coming weeks prepare a plan of measures to protect people's interests in the energy price shock situation," Ridas Jasiulionis, the president's spokesman, told BNS in a comment.

Perlas Energija, an independent electricity supplier, has announced that it is terminating fixed-price contracts and, eventually, its operations as prices on the Nord Pool power exchange have surged to record highs in recent days.

In response to Perlas Energija's move, Nauseda said last week that the legal sustainability of the liberalized electricity market had to be ensured and that he was waiting for Simonyte to return from her vacation to discuss the situation.

BNS
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