Concerned that Lithuanian support for Lietuvos Energija may have unduly favoured the company and distorted competition in the EU market, the European Commission opened an in-depth investigation to see the government’s decision to provide strategic reserve services to the state-owned incumbent breaches EU state aid rules.

The Commission said that the investigation concerns an electricity strategic reserve measure, which was in place in Lithuania until 2018. Strategic reserves generally keep ce...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now