Monetary matters. Difficulties in choosing an electricity supplier and forecasting for financial markets

In September, the process of liberalization of the electricity market in Lithuania began: in the first stage, proposals for choosing an electricity supplier are sent to about 100 thousand people. consumers who consume more than 5,000. kilowatt hours.

However, the choice of your provider is also allowed for those who go to the next stage and consume less electricity. More than 22 thousand people have already chosen independent electricity providers. population. When choosing a provider, the first problems also became clear. The State Energy Regulatory Council (VERT) and the Ministry of Energy have warned that to attract customers, some independent providers are misleading people by not providing all information about future services and the final price of electricity.

We spoke at the fair with Renaldas Radvila, Head of Services at ESO, and Renatas Pocius, Vice President of VERT, about what problems arise when choosing a provider, if residents are going to save and what happens if they don’t choose.

The second interview of the program with Danske Bank Senior Investment Strategist Povilas Stankevičius on the impact of the first and second waves of the coronavirus on financial markets and other geopolitical threats, as well as the forecast for Lithuanian financial markets.