On November 29, 2007 the Board of Lietuvos Energija AB approved the Draft of the adjusted prices, tariffs for the electricity transmission service as well as the procedure of their applica

On November 29, 2007 the Board of Lietuvos Energija AB approved the Draft of
the adjusted prices and tariffs to be charged for the electricity transmission
service along with the procedure of their application and submitted the Draft
to the National Control Commission for Prices and Energy (NCCPE) for its
revision and public announcement. 
The Draft provides that the previously set and announced price to be charged by
the transmission system operator for the electricity transmission service will
be reduced by 8 percent, therefore the price will remain unchanged, i.e. at the
beginning of the coming year, like in 2007, it will be equal 2.4LTc/kWh. 
As compared with the previously announced prices, the other components of the
transmission price - the price for maintaining the capacity reserve and the
price of the public service obligations - will remain unchanged and will be
respectively equal 1.28LTc/kWh (the effective price in 2007 - LTc 1.18/kWh) and
3.72LTc/kWh (in 2007 this price is allocated to the components of electricity
production price). Essentially, the mentioned prices do not depend on Lietuvos
Energija AB, but are subject to the decisions of other entities - the boards of
the power plants and the NCCPE. 
The effective prices and tariffs for the electricity transmission service in
2008 and the procedure of their application will be publicly announced by the
NCCPE. 

Ona Garnienė
Leading economist
Phone 8 5 2782457