The National Energy Regulatory Council, as a consolidated institution, following the process when the State Energy Inspectorate under the Ministry of Energy has been reorganised by way of merger and joined to the National Commission for Energy Control and Prices, started its activities from 1st of July 2019 and took over the economic and technical regulation and market supervision and control functions of energy market in the Republic of Lithuania. The consolidation of two institutions was approved by the Parliament of the Republic of Lithuania on 14th of February 2019.
On 10 June 2019, the National Commission for Energy Control and Prices (hereinafter - Commission) adopted a decision on the revenue cap of Amber Grid regulated activities providing natural gas transportation via the natural gas transmission network services, effective from 1 January 2020.
The revenue cap of regulated activities effective from 1 January 2020 was set at EUR 36,1 million per year.
The methodology for the determination of the revenue cap and prices of the state regulated natural gas transmission activities (please find here).