Fiserv earnings missed by $0.61, revenue fell short of estimates
VILNIUS - AB "Ignitis grupė" announced Thursday that Lithuania’s National Energy Regulatory Council (NERC) has set the 2026 income cap for its subsidiary AB "Energijos skirstymo operatorius" (ESO) at €433.0 million, representing a 14.4% increase from the 2025 level of €378.7 million.
According to the company’s press release, NERC approved the price cap for natural gas distribution services on October 23, following its earlier October 17 decision on electricity distribution services.
The regulated asset base (RAB) for ESO’s combined operations will increase by 6.2% to €1,906.5 million in 2026, while the weighted average cost of capital (WACC) will slightly decrease by 0.05 percentage points to 5.74%.
For electricity distribution specifically, the income cap will rise by 17.2% to €376.9 million, with the RAB increasing by 7.4% to €1,655.1 million. The natural gas distribution segment will see a slight 1.6% decrease in its income cap to €56.1 million, with its RAB declining by 1.2% to €251.4 million.
The company attributed the overall income cap increase primarily to higher network investments outlined in its 10-year Investment Plan, which resulted in an increased additional tariff component, return on investment, and higher depreciation and amortization expenses. The additional tariff component will rise by 38.1% to €51.8 million.
Ignitis grupė stated that the regulatory changes will not affect the Group’s previously announced Adjusted EBITDA and Investment guidance for 2025.
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