VILNIUS – Electricity prices for business consumers in Lithuania could decline to around 35 euro cents per kilowatt-hour, not including government subsidies, in the first half of 2023, Energy Minister Dainius Kreivys told investors in Vilnius on Thursday.
Kreivys said at a forum hosted by the American Chamber of Commerce in Lithuania that the estimate was based on gas price forecasts by the US bank Goldman Sachs.
"The electricity market price could be around 35 cents per kWh in the first half of next year," the minister told BNS later, commenting on his speech at the forum.
"Without going into very precise figures, I can only say that I don't think we are going to have electricity prices like those we had in August," he added.
Kreivys would not elaborate on what measures the government was planning to take to cut electricity prices for businesses, but said that these could include various subsidies, preferential loans and tax deferrals.
Some businesses said in September that the optimal electricity price should be around 25 cents, not including VAT, per kWh for them to remain competitive.