News & events

2016-12-02

The first tertiary reserve auction to be held next week

The Lithuanian electricity transmission system operator Litgrid is going to run the first tertiary reserve auction on December 5. It is expected that the auction will result in the purchase of the tertiary reserve for 2017. 
 
The size of tertiary reserve is determined by taking into account the largest element of the power system having in view that its sudden disruption may cause an acute deficit of energy. Such element at the moment is the power interconnection NordBalt between Lithuania and Sweden. The size of tertiary reserve set for 2017 is 484 MW.  
 
“The responsibility of an electricity transmission system operator is to ensure an uninterrupted supply of electricity. We must guarantee that the required amount of tertiary reserve is available at any time. The reserve capacity auction makes it possible to ensure the efficient use of all power stations that currently operate in the power system. We have high expectations regarding competition,” said CEO of Litgrid Daivis Virbickas.
 
On December 5, invitations to take part in the tertiary reserve auction will be sent to Lithuanian thermal power stations that comply with the conditions of participation in an auction and meet technical requirements to be ready to generate electricity at any time, within twelve hours, and ensure the generation of electricity for at least 10 days. The power stations that meet these requirements include the thermal power stations of Mažeikiai, Kaunas and Panevėžys as well as the Lithuania Power Plant.
 
The deadline for submitting bids for the auction is December 13. The winning bids will be published officially on December 16.   
 
 
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