Energy
Electricity
Electricity cheaper throughout Baltic Sea region in March
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 last year, the price decreased by 23 percent in the Lithuanian market, the Lithuanian electricity transmission system operator Litgrid reports. […]
Energy
Lithuania produced quarter of its electricity from wind power
Over the first quarter of this year, Lithuania’s wind power plants produced 173.3 GWh of electricity. It accounts for 7 percent of all energy consumed in Lithuania, or nearly a quarter (23.6 percent) of total electricity produced in the country in Q1. […]
Energy
Lithuania’s state-owned electricity and gas providers to merge
State-owned energy company group Lietuvos Energija (Lithuanian Energy) intends to merge electricity and gas distribution network operators, AB LESTO and AB Lietuvos Dujos (Lithuanian Gas). It is said that the synergy of the two companies will enable to increase the group’s efficiency, reduce operating costs and create additional benefits to electricity and natural gas consumers. […]
Energy
Lithuania’s electricity consumption up 2 percent in 2014
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. […]
Energy
LitPol Link to be delivered on schedule
Construction of the the high voltage power interconnection LitPol Link between Poland and Lithuania is progressing according to the planned timeline. […]
Energy
Energy
Lithuania’s power generation company becomes market maker
Nasdaq Commodities has welcomed Lietuvos Energijos Gamyba, the national electricity generation company which combines all electricity generation capacities controlled by the state of Lithuania, as a new market maker for the Latvian Electricity Price Area Differential, EPAD RIGA, contracts. […]
Energy
Klaipėda transformer substation prepared for connection with NordBalt
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. […]
Energy
Hydroelectric power plants prevent electricity price hike in Lithuania
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. […]
Energy
Lithuania’s power interconnections with Poland and Sweden to be launched within year
The construction of high voltage interconnections LitPol Link and NordBalt to connect Lithuania with Poland and Sweden is moving ahead: two thirds of NordBalt and half of LitPol Link works have been completed since last spring. LitPol Link and NordBalt will be put into operation after twelve months, at the end of 2015, Lithuanian electricity transmission system operator Litgrid said in a statement. […]
Energy
Electricity price in Lithuanian trading zone in Nord Pool Spot down 10 percent
On 15-21 December, the average electricity price in Nord Pool Spot power market Lithuanian trading zone stood at LTL 0.154 (EUR 0.044) per kilowatt hour, or by 10 percent less than in the previous week. […]
Energy
Electricity price in Lithuania lowest since May
The average electricity price in Nord Pool Spot power market Lithuanian trading zone was LTL 0.182 (EUR 0.053) per kilowatt hour on 24-30 November. Although electricity price increased in the last week of November, yet the average monthly price was the lowest since May. […]
Energy
Energy
Electricity price falls in Lithuania due to supply growth
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. […]
Energy
Energy
Lithuanian Energy CEO expects decisions on Visaginas NPP in 2018
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. […]
Energy
Lithuania’s LNG terminal: Less dependence on Russian gas, but more dependence on fossil fuel?
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 had monopolized the Lithuanian gas market. […]
Energy
Lithuania’s LitPol link construction halfway finished
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. […]
European Union
EU pledges support to synchronization of Baltic and European power systems
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 Brussels. […]