Lithuanian electricity transmission operator LITGRID AB informs that PSE and Litgrid, the only shareholders of the LitPol Link subsidiary, decided to liquidate the company on 20 June 2019. The mission of the administration company – to implement the first Poland-Lithuania interconnection - was successfully completed: the interconnection has been successfully operating since 2016, when it started functioning. PSE and Litgrid, basing on the positive previous experiences, will cooperate directly on the construction of the second interconnection - the submarine cable Harmony Link.
2019 June 13
XBID 1st anniversary and announcement of 2nd Wave Go-Live
XBID, the Single Intraday Coupling (SIDC) solution, is one year old today. Since the successful go-live on the 12th/13th June 2018 over 16 million trades have been executed. Expansion of the SIDC into seven further countries is expected in Quarter 4 2019.
2019 May 31
Important agreement on connection to the European power system comes into effect
On 29 of May, Regional Group Continental Europe of the ENTSO-E, the European Network of Transmission System Operators, announced about signing of the interconnection agreement and technical terms and conditions of interconnection by the power transmission operators of Poland, three Baltic States and supporting countries, upon implementation of which – Lithuania, Latvia and Estonia will become a part of the European power system.
2019 May 7
Public consultation on the Baltic transmission system operators’ Baltic 15 minute imbalance settlement period implementation concept document
Baltic transmission system operators Elering AS, AS Augstsprieguma tīkls and LITGRID AB submits for public consultation the Baltic 15 minute imbalance settlement period implementation concept document.
2018 December 21
New Polish-Lithuanian submarine HVDC cable – “Harmony Link”. Initial Cooperation Agreement signed
Today the Management Boards/CEO’s of Polish and Lithuanian Transmission System Operators, PSE and LITGRID, signed Initial Cooperation Agreement, being the commitment of both TSO's to undertake development activities in the Preparation Phase of the project of construction of new Polish-Lithuanian submarine HVDC cable. Also today the Management teams decided to name new interconnector as “HARMONY Link”.
2018 December 5
XBID – 2nd Wave Go-Live and Changes in Gate Opening Time from 1st January 2019
Over 6.3 million trades completed in XBID. Expansion of XBID into further countries expected summer 2019. Harmonisation of Gate Opening Times from 1st January 2019 will be communicated locally by Transmission System Operators.
2018 November 12
Public consultation on Rules for suspension and restoration of market activities and Rules for imbalance settlement of balancing energy in case of suspension of market activities
LITGRID AB has launched public consultation regarding fallowing proposals:
- proposal for rules concerning the suspension and restoration of market activities;
- proposal for rules for imbalance settlement and settlement of balancing capacity and balancing energy.
2018 October 18
Regarding legislation amendments
On 2018 October 16th the amendments prepared by the Ministry of Energy of the Republic of Lithuania of the Procedures for electricity import and export and the Rules for electricity trading have been approved.
The legislation amendments regulate determination of capacity for trade on interconnectors between Lithuania - Belarus and Lithuania - Kaliningrad region of the Russian Federation.
