The company's net profit was 6.6 million, based on publicly available data. Ignitis notes that the company's activities consist not only of electricity supply to private and business customers, but also energy wholesale trading, green energy solutions for business and energy efficiency projects. Besides Lithuania, the company also operates in Latvia, Estonia, Poland, Finland. Ignitis stressed that the company is responsible and professionally managing its independent supply portfolio and hedges part of it in financial markets, which ensures the performance of obligations to customers.
Ignitis refutes the statement in the article that the company will be compensated EUR 360 million from the budget, but the losses are growing. Compensation issued by the Government was issued for household consumers in order to cover the debt of the public supply customers to the public supplier due to the electricity acquisition price differences that were not included in the tariff accumulated until 1 July 2022, i.e. The public supply regulation is affected by specifics of it. Customers who consumed public supply electricity, regardless of which supplier they chose, would have to pay the debt themselves by December 31st, 2027. The government aid programme is designed to reduce energy costs for customers that are provided directly to residents, according to the company.
On 23 August it is going to publish its financial results for the six months of 2022, which will include the performance of the Group's subsidiaries, according to Ignitis grup.