The Lithuanian electricity transmission system operator Litgrid is going to run the first tertiary reserve auction on December 5.
2016 November 25
Grid Reliability Underpinning Growth in Litgrid Group‘s Income
Income of Litgrid Group for the nine months of 2016 totalled EUR 123.1 million, a 69% increase compared with the same period of previous year. The Group’s net profit increased 3.5 times, totalling EUR 12.4 million. Such financial results were largely determined by increase in transmission revenue, connection of new producers and other operating income as well as congestion revenues.
2016 November 22
Success of infrastructure projects depends on society’s involvement in decision-making
The biggest challenge in developing the engineering infrastructure is to find a suitable place for it so that the infrastructure is acceptable to people living in its vicinity, adapted to the existing infrastructure and environmentally-friendly.
2016 October 31
Baltic TSOs launch a coordinated exchange of balancing energy
As of November 1st, the transmission system operators (TSOs) of Estonia, Latvia and Lithuania introduce standard manually activated frequency restoration reserves (mFRR) products.
2016 October 28
Cooperation between Litgrid and NATO Centre to ensure energy security
The Lithuanian electricity transmission system operator Litgrid and NATO Energy Security Centre for Excellence have signed a cooperation agreement. The two parties have undertaken to exchange experience in ensuring and strengthening Lithuania’s energy security.
2016 October 20
New power line to enhance the power transmission grid
The construction of a new power transmission line stretching from Alytus to Kruonis Pumped Storage Power Plant will start in mid-November. The first permits for the line’s construction were issued this week. This will be the second 330 kV new construction power line built in Lithuania since the restoration of the country’s independence. The first one was built between Klaipėda and Telšiai in 2014.
2016 October 19
Litgrid encourages company managers to put focus on occupational safety
Electricity transmission system operator Litgrid notes that occupational safety is not a business priority at Lithuanian companies. Litgrid, which organises contractor inspections on a regular basis, points out that the situation is not in essence changing in implementing work safety measures: during the 84 contractor workplace inspections that were carried out over the course of nine months this year, 51 violations were found that were directly related to occupational safety. However, changes in this area depend on the attitude of the company’s manager.
2016 October 19
Litgrid: everyone wins if more consumers use the grid
More consumers would mean proportionately lower electricity tariff.
2016 October 10
The summary of the public consultation on the Baltic balancing market elements published
The Baltic transmission system operators Augstsprieguma tīkls, Elering and Litgrid would like to thank all the stakeholders who responded on invitation to participate in the public consultation about Baltic CoBA development elements. The public consultation lasted from June 27th to August 15th 2016, 15 response letters were received.
2016 September 23
Power market design requires regional agreement
In order for Baltic countries to further develop a single electricity market, they must first and foremost agree on its development directions on the political level. It is particularly important when addressing the issues of trade in electricity with third countries. This was pointed out by Aistė Krasauskienė, Head of Market Development at Litgrid, in a round-table discussion organised by the World Energy Council and the National Lithuanian Electricity Association.
