Energijos Skirstymo Operatorius AB
Notification on material event
Regarding the investment in smart meter project by Energijos Skirstymo Operatorius AB approved by the National Energy Regulatory Council
AB Energijos Skirstymo Operatorius (hereinafter - the Company, ESO), code 304151376, registered office address Aguonų g. 24, Vilnius. The total number of ordinary registered shares issued by AB Energijos Skirstymo Operatorius is 894 630 333; ISIN code - LT0000130023.
On 19 September 2019, the National Energy Regulatory Council (VERT) approved the investment of Energijos Skirstymo Operatorius (ESO) “Implementation of smart electricity metering in Lithuania”. The Council states in its statement that the project’s cost-benefit analysis conducted by ESO was positive and this is the basis for approval of the ESO's EUR 147 million investment. Company plans to make substantial investments in 2020 – 2023. The VERT also obligated the company to develop a benefit monitoring system, which would ensure monitoring over the effectiveness of the smart metering project being implemented.
The plan is to install smart meters for households, who use more than 1 000 kWh of electricity per year, and for businesses by the end of 2023.
The project's cost-benefit analysis, approved by the Council, estimates that project implementation will create preconditions for more efficient use of electricity, enable market and new services, as well as allow more efficient management of the electricity distribution network.
For more information
Spokesman: Tomas Kavaliauskas, firstname.lastname@example.org, +370 61751616