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Smallest independent electricity supplier goes bankrupt

The supplier announced that it had stopped supplying electricity since Friday and that Enefit would continue to provide services to customers.

It is also reported that prices and contract conditions for consumers of “EGTO enerjija” will not change.

ELTA recalls that in April the National Energy Regulatory Council (VERT) warned “EGTO Energy” of the insufficiency of the authorized capital, which, according to the Electric Energy Law, must represent at least half of the authorized capital – which would guarantee the financial viability of the company. stability.

Then the head of the company, Egidijus Rutkauskas, said that the company began to eliminate the shortcomings identified by VERT and increased the authorized capital. The supplier’s manager then assured that he planned to continue the development of a mobile application to facilitate the provision of services.

According to data from Monday, 5,790 households have chosen “EGTO energija” as their independent supplier.

Source: The Delfi

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