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. […]

Minister of Foreign Affairs of Larvia, Edgars Rinkēvičs
Energy

Latvian minister: We grasp Astravyets concerns, don’t plan embargo laws

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. […]

CORPORATE

Electricity price in Lithuania jumps by quarter due to lower NordBalt imports

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 […]

CORPORATE

Lithuania’s electricity prices jump to record high

The price of electricity in he Nord Pool exchange, Lithuania‘s price zone, hit a record high of 6.41 euro cents/kWh on June 22. It is the largest one-day average price of electricity since the NordBalt […]

CORPORATE

NordBalt malfunctions hit Inter Rao Lietuva’s bottom-line

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 […]