Electricity

On 17-23 July, compared with the previous week, the wholesale price of electricity in Lithuania and Latvia increased by 4% to EUR 91.69/MWh, whereas it decreased by 2% to EUR 80.79/MWh in Estonia.

On 12 July, the Management Board of Ignitis Group agreed to the investment decision made by the Group’s subsidiary Ignitis. Ignitis and its subsidiaries in Latvia and Estonia are to invest up to EUR 115 million over 3–5 years to develop an electric vehicle (EV) charging network in the Baltics. The m...

Electricity generation in Lithuania was higher than total consumption for one hour on Monday afternoon, with the wind picking up and the sun shining, said Litgrid, electricity transmission operator, on Tuesday.

On 29 May-4 June, compared with the previous week, wholesale electricity price in Lithuania and Latvia decreased by 12% to EUR 67.97/MWh. In Estonia, the price dropped by 19% to EUR 54.46/MWh.

Price for electricity should be fixed at the level of 0.24 euros and compensation should be made available to all households, Lithuanian President Gitanas Nauseda said.

Lithuania has halted electricity trade with Belarus after the neighboring country connected the Astravyets nuclear power plant to its energy system.

Moscow's call on Lithuania to review a new draft methodology for electricity trade between the three Baltic countries and Russia shows that the Baltic states are taking the right steps, Lithuanian Energy Minister Zygimantas Vaiciunas said.

Moscow has called on Lithuania to review a new draft methodology for electricity trade between the three Baltic countries and Russia that will lead to a sharp decrease in trade volumes after Belarus launches its Astravyets nuclear power plant, sources told BNS.

President Gitanas Nauseda has signed into law legislative amendments providing for additional measures to bar market access for electricity from Belarus' almost-completed Astravyets Nuclear Power Plant (NPP), the president's office said on Monday.

Electricity prices for households in Lithuania are set to rise by around 15 percent on average next January.

Latvian company Spectrum Baltic plans to import electricity to Lithuania from the Russian region of Kaliningrad. Lithuania's National Energy Regulatory Council confirmed it to BNS Lithuania on Thursday it had issued the company the necessary permit.

Wind power production in Lithuania soared by 40 percent in the first half of 2017 year-on-year to 633 gigawatt-hours (GWh), accounting for half of the country's total electricity output during the six months.

Lithuanian officials say that hackers constantly search for seek spots in systems of strategic importance, therefore, executives of companies and institutions should pay more attention to cyber security, top executives of relevant institutions told BNS in comment of a Reuters report about hacker att...

Lithuanian Prime Minister Saulius Skvernelis plans to focus on energy issues, such as the planned synchronization of the Baltic power transmission grids with the Western European system and the safety of the Astravyets nuclear power plant under construction in Belarus, during Thursday's meeting with...

In 2016, the final electricity consumption in Lithuania totalled 10.47 kilowatt hours (or 10.47 terawatt hours, TWh). A record growth in the consumption was observed last year: residents, businesses, agriculture and transport used 4.5% more electricity compared to 2015. The growth rate in agricultur...

The Latvian government supports the Lithuanian position to demand the highest security standards at the Astravyets nuclear power plant under construction in Belarus, however, does not consider any laws to restrict electricity imports from the utility, says Latvia's Foreign Minister Edgars Rinkēvičs.

Talks on synchronization of the Baltic and Polish power grids can be spurred by the decision not to buy electricity from unsafe power plants, says Lithuania's Foreign Minister Linas Linkevičius.

In 2016, the average price for electricity in the Lithuanian bidding area of Nord Pool was the lowest in the history of the exchange: EUR 36.5 per megawatt hour (MWh). The price was 13% lower compared to 2015 and 25% lower than in 2014 and 2013, LitGrid AB informed in its press release today.