• The Commission approved new electricity prices for 2015. The price of electricity established for household customers decreased on average by 6.3 % from 2015 (23 December 2014). • The pricing of natural gas for 2015–2016 of Lietuvos Dujų Teikimas applicable to non-household customers was approved – an additional 20 % discount was applied to the natural gas price for two years (30 December 2014). • A complaint of Lietuvos Energijos Gamyba was accepted at Vilnius Regional Administrative Court in respect of Resolution of 19 December 2014 of the Commission whereby the Commission changed the purchase prices of electricity produced at the division of the Company the Lithuanian Power Plant for 2015 that were established by the previously adopted Resolution (30 December 2014). • Under the decision of the Bank of Lithuania Lietuvos Dujos was instructed to announce that it was given a warning regarding the violation of Article 21(5) of the Law on Securities. In view of this, the company will recognise the impairment of property, plant and equipment on a retrospective basis in the annual financial statements for the year ended 31 December 2014. The annual financial statements for the year 2014 will be released publicly not later than by 30 April 2015 (31 December 2014). • Lietuvos Dujų Tiekimas reduced the price of natural gas for 2015 for corporate customers and other non-household customers by nearly a fifth. This was made possible when on 30 December the Commission agreed the pricing of Lietuvos Dujų Tiekimas for corporate customers for 2015–2016 (31 December 2014). • The Group companies successfully prepared for the introduction of the euro in Lithuania (1 January 2015). • Lietuvos Dujos started to publicly announce data about the actual caloric value of natural gas (thermal value) supplied to the network. Gas consumed is now accounted for to the system users in the euros for kilowatt-hours (1 January 2015).
2014 ANNUAL REPORT Basic information about the Company and the Group
• LITGAS started the supply of the minimum quantity of natural gas required for the Liquefied Natural Gas Terminal to the regulated energy producers (1 January 2015). • Lietuvos Energija and Kaunas University of Technology signed the Letter of Intent on the establishment of the joint research centre (16 January 2015). • The testing works of a part of new heat production capacities in Elektrėnai, i.e. a steam boiler house, were completed. A newly constructed steam boiler house which uses natural gas has already been put into operation and it was taken over by the personnel of Lietuvos Energijos Gamyba (16 January 2015). • Vilnius Regional Administrative Court accepted the complaint of Lietuvos Energijos Gamyba in respect of the annulment of the Resolution No O3-934 of the Commission of 11 December 2014. Under this Resolution the Commission unilaterally established the components of the price of thermal energy produced by the company (16 January 2015). • Lietuvos Energijos Gamyba became a market maker in the financial derivatives of electricity for Latvia bidding area (20 January 2015). • The 3,000 km data transmission network of high throughput Baltic Highway was officially opened (21 January 2015). • Vilnius Regional Administrative Court accepted the complaint of Lietuvos Energijos Gamyba in respect of a partial annulment of Resolution No O3-941 of the Commission of 19 December 2014. Under the clauses of the Resolution which are to be annulled the Commission decided to reduce the amount of funds to be paid in 2015 to the Company for the provision of the public obligation service, i.e. the production of electricity necessary for the ensurance of safety of electricity supply (21 January 2015). • Vilnius Regional Administrative Court accepted the complaint of LESTO in respect of the annulment of the Resolution of the Commission of 19 December 2014 On the Scheduled Audit of LESTO AB and Resolutions passed on the grounds of this Resolution (23 January 2015).
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