Electricity

With the winter season approaching, the Lithuanian electricity transmission system operator Litgrid presented system adequacy analysis.

In October the average electricity price in Nord Pool Spot power market Lithuania trading zone was LTL 0.186 (EUR 0.053) per kilowatt hour (kWh), 6.4 percent lower than in September. According to independent electricity supplier Energijos Tiekimas, year-on-year electricity price was 16 percent lower...

The company IRL Polska, a part of INTER RAO Lietuva group, completed the first trading month of direct market access in TGE (PolPx) electric energy market of Poland.

Decisions on building a new nuclear power plant in Visaginas, eastern Lithuania, are likely to be made sometime around 2018, the chief executive officer of the state-owned energy group Lietuvos Energija (Lithuanian Energy) says.

This Monday, Lithuania congratulated itself on finishing a seminal project in its energy independence policy and welcomed the floating liquefied natural gas terminal in the Baltic port of Klaipėda, from where it will open a second gas import line, an alternative to Russia's gas giant Gazprom that ha...

Construction of the LitPol Link power interconnection with Poland, one of Lithuania's most important current energy projects, is rapidly pushing forward, with 45 percent of planned works now complete, Litgrid, the Lithuanian electricity transmission system operator, reports.

The European Union (EU) intends to provide financial support to the instruments that would ensure synchronization of Baltic electricity grids with Western European power networks after the current financial perspective expires in 2020, EU leaders said in conclusions approved at the summit in Brussel...

A newly-built high voltage power line between Klaipėda and Telšiai has been put into operation. It is the first 330 kV overhead power line built after the restoration of Lithuania's independence. The power line will transmit electricity from Northern Europe to Lithuania when the NordBalt power link ...

Lithuanian Energy Minister Rokas Masiulis says that electricity prices may go down next year following a cut in the public service obligation (PSO) budget.

Lithuanian electricity transmission system operator Litgrid has published a 10-year plan for the development of the country's high-voltage power transmission grid, the company informs.

Lithuania in the future will be able to choose between "green" energy from the European Union and nuclear energy from Russia, an economist at Nordea bank said on Wednesday.

In the first nine months of 2014, Lithuania's wind farms generated 366.4 Gigawatt-hours (GWh) of electricity, i.e., 19.3 percent more year-on-year. Wind electricity accounted for 16.4 percent of the total electricity generated in Lithuania.

On 11-17 August, the average electricity price in Nord Pool Spot power market Lithuanian trading zone was LTL 0.196 (EUR 0.056) per kilowatt hour, i.e., around 20 percent lower than a week ago.

Lietuvos Energijos Gamyba, a company engaged in the production and wholesale trading of electricity, is pursuing its goal to actively contribute to the integration of Nordic and Baltic electricity markets. Lietuvos Energijos Gamyba is the first Lithuanian company that joined the derivatives exchange...

On 7-8 August, Minister of Energy Jaroslav Neverovič inspected the work on electrical transformer substations in Alytus (Lithuania) and Elk (Poland), which are part of the LitPol Link power connection. The minister said that even though the schedule is intensive, the substation reconstruction is bei...

In July, the average electricity price in Nord Pool Spot power market Lithuanian trading zone (NPS LT) was LTL 0.198 (EUR 0.057) per kilowatt-hour, which was 4.4 percent above what it had been in June (LTL 0.189 or EUR 0.054 per kWh). In July 2014, compared with July 2013, the price increased by 17 ...