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Litgrid, Lithuanian electricity transmission system operator, maintains stable operation of the national power system, controls electricity flows and enables competition in an open domestic electricity market. Litgrid is responsible for integrating national power system into the European power infrastructure and electricity market. The company has built strategic electricity cross-border links, namely, NordBalt (Lithuania-Sweden) and LitPol Link (Lithuania-Poland). While implementing the ultimate goal of Lithuania - independence in energy sector, we promote such values as responsibility, creativity and dialogue.
New electricity interconnections with Poland saw Lithuanian wholesale electricity prices in December fall by 9%, but the opening of the NordBalt interconnector with Sweden will not see a harmonisation with Swedish electricity prices for some time, say Litgrid.
Building the infrastructure and systems necessary to integrate Lithuania’s electricity systems with Western Europe is the key objective of Lithuanian grid operator, Litgrid, over the next two years.
Lithuanian leaders and their counterparts from the Baltic states and Poland are on Monday officially inaugurating the interconnections LitPol Link and NordBalt, lauded as key projects to usher the country into the new era of energy independence.
In late November, 24,000 Lithuanian consumers will receive electricity from Sweden for the first time. During a half an hour special test when the Lithuanian electricity system operator Litgrid is planning to verify the NordBalt black-start feature, the residents in Klaipėda and Šilutė districts wil...
Litgrid, the Lithuanian electricity transmission system operator, and the European Union Innovation and Networks Executive Agency (INEA) have signed an agreement on partial LitPol Link project funding.
Combined cycle unit of Elektrėnai Power Plant increased electricity generation due to significant price hike in the Nord Pool Spot power market. Thursday afternoon the unit was generating electricity at 420 MW capacity, thus ensuring the security of electricity supply. For comparison, almost the who...
All cable-related works on the NordBalt power interconnection have been completed in the Baltic Sea. The 400km submarine cable connecting Lithuania and Sweden has been protected from vessel anchors and fishing equipment along its most vulnerable sections.
Common Lithuanian-Polish energy sector projects will benefit not only the two countries, but the entire region by contributing to better security of supply and deeper integration of energy markets. Such vision is shared by Litgrid CEO Daivis Virbickas in Krynica Economic Forum.
Lithuania's electricity transmission system operator Litgrid has updated minimum qualification requirements for its potential contractors. The updated requirements aim to make the evaluation process of the contractors more precise and efficient, as well as promote competitiveness within the energy i...
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.
Baltic states electricity system administrators Elering, Augstsprieguma tikls, Litgrid and Finnish main grid administrators Fingrid signed an agreement on developing the Baltic-Nordic balance or regulating market, Postimees Online reports.
Speaking at the annual ‘Traditional and Renewable Energy Forum’ on 13 May in Vilnius, Lithuania, event organizer and Chairman of the Estonian Chamber of Commerce, Robert Juodka, told the Lithuania Tribune he believes the Lithuania is now able to support its own energy needs.
Sweden and Russia will discuss the hindrances for the laying of the NordBalt cable next week. Sweden's Foreign Ministry told BNS that the Lithuanian project should proceed without any obstacles.
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 Thursday, the works on laying the NordBalt cable resumed in the Baltic Sea. The last 150 kilometres will be laid by the end of this summer, the Ministry of Energy reports.
Lithuania's Litgrid Group reported an income of EUR 121.2 million for 2014: 29 percent lower compared to 2013. Income from electricity transmission accounted for 50 percent of the Group's total income - EUR 60.6 million, the Group said in a statement.
At 9.84 billion kilowatt hours (kWh), or 2.1 percent more than in 2013, electricity consumption in 2014 has been the highest since 2009.
The remaining section of the NordBalt submarine cable has been manufactured in Karlskrona, Sweden, Litgrid informs.
Residents of the western part of Lithuania will now be able to enjoy a more reliable supply of electricity thanks to the reconstructed transformer substation in Klaipėda which will also ensure more secure transmission of electricity.
In the first week of January the average electricity price in Nord Pool Spot power market Lithuanian trading zone went up and reached EUR 43.45 per megawatt hour, electricity transmission system operator Litgrid announced.
