Energy prices for businesses in Lithuania will rise as futures point to an increase in fuel prices in the near future. This was expressed by Arturas Zatulinas, Head of the Business Customers Department of Elektrum Lietuva, transmits Sputnik radio.
“The difference between current prices and futures is determined by many factors. We see future electricity and gas prices up to 50 percent higher than current spot market prices. “This is a clear sign for business where the market is headed,” said Zatulinas.
According to him, the current low energy prices are a good sign for businesses to conclude long-term contracts at fixed prices. Gas and electricity prices are likely to rise sharply in the future.
He added that most commercial customers tend to prefer fixed-price plans and are not willing to take risks. At the same time, business representatives are the ones who change their energy suppliers much more frequently than household consumers due to the instability in the energy market.
Delfi said in early May, based on data from European credit management company Intrum, WroteThat the rise in inflation in Lithuania affects the financial situation of almost half of the country’s residents.