Lithuanian electricity consumers who generate their own power are poised to receive compensation for surplus energy fed back into the grid, with independent suppliers beginning calculations for payouts. The process, detailed by energy companies like Ignitis, applies to households and businesses with solar or wind installations that produce more electricity than they consume.
According to Ignitis, compensation will be disbursed by individual electricity suppliers according to the terms outlined in existing contracts. This follows a period where excess energy generated by prosumers – those who both produce and consume electricity – accumulated without immediate financial settlement. The compensation scheme aims to address this backlog and incentivize continued investment in renewable energy sources.
The eligibility for compensation extends to all electricity consumers, including those who have chosen independent suppliers, those still served by the public supplier, and those under guaranteed electricity supply arrangements. However, a previous compensation scheme for electricity prices concluded on June 30, 2023, and is not related to the current payouts for surplus energy.
Several electricity suppliers, including Nordic Power Management OU, Second Foundation Trading AG, and Axton, are listed as active providers in Lithuania, as per information from ESO (Energijos skirstymo operatorius). These companies, along with Ignitis and Elektrum, are responsible for calculating and distributing the compensation to eligible customers.
The specifics of the compensation amounts will vary depending on the volume of surplus electricity generated and the individual agreements between consumers and their respective suppliers. Ignitis has indicated that customers can choose the compensation method that best suits their needs. Details on how to claim compensation are available through individual supplier portals and customer service channels.
