Saulius Skvernelis
Politics

Lithuania won’t privatize strategic companies – PM

Lithuanian Prime Minister Saulius Skvernelis says that strategic state-owned enterprises will not be privatized, but adds that some problem companies could be partially privatized by listing their shares on the stock market. […]

LitPol Link
Energy

Electricity consumption highest in a quarter of a century

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 agriculture was as high as 8.4%, service sector 5.7%, residents 4.3%, and transport sector 4%. The lowest year-on-year growth rate (3.5%) was recorded in the industrial sector, Litgrid press office reported. […]

CORPORATE

Electricity prices drop in Lithuanian trade zone

The average price of electricity in Nord Pool Exchange Lithuanian trade zone stood at €31.8 per megawatt hour on July 11-17, a tenth lower than the previous week and a fifth lower than at the […]

Daivis Virbickas
Energy

Lithuania’s electricity prices ‘will not fall to Swedish levels anytime soon’ – Litgrid

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. […]