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    Law Update/August 2003
    Lideika, Petrauskas, Valiūnas & Partners
    August, 2003
    All articles
    <...>
    ENERGY LAW

          On 24 June 2003 the Parliament adopted Law No IX-1644 On the Amendments and Supplements to Articles 6,12, 16, 17 and 18 of the Law on Energy. By this Law the State Prices and Energy Control Commission was commissioned to regularize depreciation (amortisation) rates of long term assets used by companies engaged in the activities wherein prices are subject to regulation. This is aimed at the establishment of real depreciation rates of long term assets used in business and prevention of ineffective use of funds.

          On 30 June 2003 the Minister of Economy: by Order No 4-258 approved the Rules on the Supply and Use of Heat; by Order No 4-259 - the Procedure for Maintenance of Heat and Hot Water Supply Systems in Buildings; by Order No 4-260 - Standard Provisions of Contracts for Purchase and Sale of Heat and Standard Provisions of Contracts for Maintenance of Heat and Hot Water Supply Systems in Buildings; by Order No 4-262 - the Procedure of Electricity Purchase from Combined Heat and Electricity Producers.

          

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