News & events

2015 August 19

In July electricity prices remained low

In July the average price for electricity in the Nord Pool Spot Lithuanian bidding area was 23% lower than at the same time last year, reaching 44.3 EUR/MWh. Compared to June, the price of electricity rose 4 %.
2015 August 13

Heat wave not only stress out population, but also high voltage electric equipment

Throughout these two weeks of exhausting heat, the engineers and subcontractors of Litgrid, Lithuania’s electricity transmission system operator, have been facing a very particular problem – how to ensure the reliable electricity transmission in such extreme weather conditions.
2015 July 28

During the first month of summer electricity price traditionally rose

In June the average price for electricity in the Nord Pool Spot Lithuanian bidding area was 14% higher than in May and it reached 42.8 EUR/MWh.
2015 July 17

Reputation to be assessed in Litgrid public tenders

Lithuania’s electricity transmission system operator Litgrid has updated minimum qualification requirements for its potential contractors. 
2015 July 14

LitPol Link to receive EUR 27 million of EU funding

The European Commission and European Union (EU) member states have approved financial support in the amount of 27.4 million euros for the LitPol Link power interconnection between Lithuania and Poland.
2015 July 10

Invitation to respond to the public consultations on the Terms, Conditions and Methodologies on Cross-Zonal Capacity Calculation, Provision and Allocation within the Baltic States and with the 3rd Countries

Baltic TSOs – AB Litgrid, AS „Augstsprieguma tīkls” and AS Elering would like to draw attention and invite the Baltic Electricity market participants to participate in the Baltic TSOs’ launched Public consultation regarding the "Terms, Conditions and Methodologies on Cross-Zonal Capacity Calculation, Provision and Allocation within the Baltic States and with the 3rd Countries” (hereinafter –Rules).
2015 July 2

Ten-year grid development plan: investments into integration and security of supply

Litgrid, the Lithuanian electricity transmission system operator, has prepared and submitted to the National Control Commission for Prices and Energy Ten-Year Network Development Plan for 2015 – 2024. National electricity consumption is estimated to grow by 2.6% annually on average and is expected to reach 13.9 terawatt-hours in 2024. The service and industrial sectors show the highest potential for growth in terms of power consumption. 
2015 June 18

Baltic and Nordic TSOs cooperate in creating a common electricity balancing market

Three Baltic electricity transmission system operators (hereinafter – TSO) Litgrid, Augstsprieguma tīkls,  Elering and Finnish TSO Fingrid, representing  the Nordic TSOs, signed the Terms of Reference (hereinafter – ToR) regarding Baltic-Nordic balancing market development. 
2015 June 12

Common regulations will allow for better use of the power infrastructure in Europe

On June 11 the Capacity allocation and congestion management network code (CACM) was presented to the members of the inter-institutional workgroup on the implementation of network codes.
2015 June 9

The NordBalt cable has been laid in the Baltic Sea

The Topaz Installer cable laying vessel has finished her work. In just a year and two months, with short interruptions, she laid 400 kilometres of NordBalt cable onto the bottom of the Baltic Sea. 90% of the link construction works have already been completed.