Baltic Sea region

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The European Commission and European Union (EU) member-states have approved financial support in the amount of EUR 27.4 million for the LitPol Link power interconnection between Lithuania and Poland, Litgrid AB, the Lithuanian electricity transmission system operator, reports.

In March the electricity price was the lowest since the Nord Pool Spot have been launched in Lithuania in 2012. The average electricity price in the Lithuanian bidding area was 32 EUR/MWh. The demand of electricity fell by 8 percent due to warmer weather and lengthening daylight. Compared to March l...

On 18 December 2014, the Lithuanian electricity transmission system operator Litgrid and European Investment Bank (EIB) signed an agreement on a EUR 65m loan for a maximum period of sixteen years. The funds will be used to partially finance implementation of LitPol Link project and the new power lin...