Jaroslav Neverovic, the presidential adviser on environment and infrastructure issues, says there is no need to postpone the third stage of the electricity market's liberalization, and that the wish is for residents who don't pay 25 percent more for guaranteed electricity supply.
The president is in favor of paying and increasing compensation to those who need it the most. He told reporters on Thursday that there is no need for horizontal measures but we need to introduce additional caps for the maximum compensation to be paid, for example, 150 kWh per month.
The minimum electricity rate is set at 24 cents per kWh for electricity from July to December.
Pocius says the final decision will be made by the government and that one possible way to target the socially vulnerable population is to compensate them for the first 150 kWh of electricity consumed.
He said the model targets more socially vulnerable consumers because they usually consume less electricity and get a higher compensation share after the meeting.
Neverovic sees a need to postpone the third stage of the electricity market's liberalization. He said that the goal is to make sure people who don't pick an independent electricity supplier by December 18 not forced to pay 25 percent more for guaranteed electricity supply.
The presidential adviser said 400,000 consumers were talking about who have not yet chosen an independent supplier.
More guarantees are needed in a liberalized market like the one last week when Perlas Energija terminated its contracts with its customers due to extremely high electricity prices.
State-owned Ignitis has the largest market share of around 67 percent, with 6 independent suppliers on the market. Perlas Energija had around 14 percent of the market value on August 8, while Estonia's Enefit had 8.5 percent and Latvia's Elektrum Lietuva had just over 9 percent.