The European Commission is getting ready to start consultations with Russia over the switching of the Baltic states’ power networks off the post-Soviet system and their synchronization with that of western Europe. […]
Lithuania’s Prime Minister Saulius Skvernelis is leaving for Sweden on Monday on a brief visit to discuss energy and investment matters with the country’s Prime Minister Stefan Lofven. […]
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. […]
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. […]
The Lithuanian electricity transmission system operator Litgrid and NATO Energy Security Centre for Excellence have signed a cooperation agreement. The two parties have undertaken to exchange experience in ensuring and strengthening Lithuania’s energy security. […]
The price of electricity in Lithuania and Latvia last week fell 16% to €31.59 per MWh after the NordBalt maintenance works have been finished. Increased electricity imports from Estonia and Belarus also gave a positive […]
Electricity interconnection with Sweden, NordBalt, has been relaunched after repairs that took 11 days to complete. NordBalt disconnected on July 26. The initial tests showed that a discharge at the reactor hall has broken one […]
With a decline of electricity flows through NordBalt by almost 60% and growing prices in neighbouring countries, electricity price in Lithuania has gone up by a quarter, Elektrum Lietuva reports. Last week, the average electricity […]
Lithuania‘s Kruonis pumped storage power plant was activated again on Wednesday night to provide an emergency power supply when the electrical interconnection with Sweden, NordBalt, was disconnected, . The pumped storage plant maintained electricity supply […]
Electricity production and distribution group Inter Rao Lietuva reports a 37% slump in net profits in the first quarter 2016. The company says it was hit by disruptions in electricity supply via the new interconnection […]
Swedish-produced electricity transported via the NordBalt cable underneath the Baltic Sea is back on the wholesale market on Friday, following the latest interruption on April 21. Operators of the interconnection between Sweden and Lithuania are […]
On Thursday, the NordBalt electrical connections between Lithuania and Sweden shut down for the fourth time this year. The price of electricity for the next day shot up by 49.06%. The cause of the NordBalt […]
Electricity prices have fallen in Lithuania in the last week as electricity imports from the Nordic countries flowed again following the fixing of problems on the Nordbalt interconnector. Last week the average price of electricity […]
At the end of February, electricity prices across the Baltic states moved in different directions. Electricity prices fell by 2 percent in Lithuania and Latvia while rising by 4 percent in Estonia. […]
The operation of the electricity interconnector between Lithuania and Sweden pushed electricity prices down to record lows in Lithuania last week, according to Litgrid, as it started to operate in test mode. […]
2015 was an intense year full of changes in Lithuania’s energy sector. The Ministry of Energy compiled a list of the ten most important events that have affected the energy sector and consumers the most. […]
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