INTER RAO Lietuva

AB INTER RAO Lietuva is a parent company of the group of companies and is involved in wholesale and retail trade of electricity in Lithuania, i.e. it is the largest independent supplier of electricity and player of the electricity exchange, in terms of electricity volumes. In 2018 the share of INTER RAO Lietuva of the wholesale in the Lithuanian electricity exchange was 88,5 percent (data from the National Control Commission for Prices and Energy).

The company was founded in 2002, when Lithuanian electricity market had been liberalised and independent suppliers of electricity and other open market players had been legalised. In 2003 INTER RAO Lietuva was granted a license of independent supplier in Lithuania and an electricity export authorization, and in 2004 it obtained an electricity import licence, which enabled the company to start electricity trading activity.

The Company actively develops its trade relations with partners in the Baltic and Scandinavian countries, large-scale electricity consumers and business customers.

INTER RAO Lietuva is one of the largest tax payers in Lithuania:

• In 2016 the company paid 12.6 million Eur to the state budget and occupied the 86th place in the list of the largest tax payers drawn by the State Tax Inspectorate.
• In 2020 the company paid 13.4 million Eur to the state budget and occupied the 69th place in the list of the largest tax payers drawn by the State Tax Inspectorate.
• In 2019 the company paid 20.9 million Eur to the state budget and occupied the 45th place in the list of the largest tax payers drawn by the State Tax Inspectorate.
• In 2018 the company paid 18.1 million Eur to the state budget and occupied the 50th place in the list of the largest tax payers drawn by the State Tax Inspectorate.
• In 2017 the company paid 22.3 million Eur to the state budget and occupied the 37th place in the list of the largest tax payers drawn by the State Tax Inspectorate.