News & events

2012-04-02

Litgrid Prepares Unbundling Plan

On 30 March 2012, Lithuanian electricity transmission system operator Litgrid presented the National Control Commission for Prices and Energy (NCCPE) with a detailed action plan for the unbundling of the company from the vertically-integrated company group. It is planned that by 31 December 2012 the activity of Lithuanian electricity transmission operator Litgrid will be split from the vertically-integrated group of Visagino Atominė Elektrinė UAB, which currently holds Litgrid’s controlling interest. The detailed action plan will be published immediately after it is approved by the NCCPE and the Board of Litgrid.

All of the European Union Member States are required separate electricity transmission activities from production, supply and distribution. The corresponding set of provisions was transposed into the national legislative base of Lithuania following the approval of the new Law on Electricity, which came into effect on 7 February 2012.

Litgrid is the Lithuanian electricity transmission system operator, managing electricity transmission, maintaining electricity production and consumption balance, ensuring renewable energy source integration in the transmission system, and providing public obligation services. Litgrid is implementing the strategic national energy projects, including international electricity interconnections NordBalt and LitPol Link, and is responsible for the national energy system’s development and full-fledged integration into the common European electricity network and the continental European electric energy system.
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