reegle

Algirdo 31
Vilnius (3219)
Lithuania
show location

Phone: (+370 5) 2135 166
Fax: (+370 5) 2135 270
Email: info@regula.lt
http://www.regula.is.lt/lit/English

In the process of the implementation of market principles and of the liberalization of management of various branches of infrastructure, the Government has gradually withdrawn from their regulation by transferring these functions to independent institutions. The price setting principles and the prices themselves, entry to the market (licensing), promotion and supervision of competition, defence of customer rights  - these and other functions were passed over to the newly established institutions which were not subordinate to the Government.

The National Energy Strategy, Law on Energy, Law on Electricity are the main laws regulating the energy sector.

While implementing the assigned regulatory tasks, the Commission shall (1) approve the methodologies and procedures for setting state regulated  prices , (2) set state regulated price caps, (3) control the application of state regulated prices and tariffs, (4) approve charges for connection of energy facilities,(5) approve the purchase price for electricity generated from renewable energy, (6) grant a licence for electricity market operator and licenses for transmission, distribution, public supply  and independent supply of energy, (7) and control over the licensed activities of energy undertakings.

1. Actor:

   Regulators

2. Sector:

   Energy

3. Activity:

   Lithuania