Common Lithuanian-Polish energy sector projects will benefit not only the two countries, but the entire region by contributing to better security of supply and deeper integration of energy markets. Such vision is shared by Litgrid CEO Daivis Virbickas in Krynica Economic Forum.
2015 September 8
Reconstruction of the 330 kV switchyard – the gate of LitPol Link - completed
One of the key components of the electricity interconnection with Poland LitPol Link - the 330 kV switchyard at the Alytus transformer substation was completed in the beginning of September. As soon as LitPol Link starts operating, the switchyard will become the crossroad of the power flows between Lithuania and Poland.
2015 August 28
Litgrid Group‘s results for the first half of 2015 announced
In the first half of 2015 the Litgrid Group‘s profit before tax was EUR 2.8 million compared to EUR 2.7 million losses in the corresponding period of 2014. The results were mainly determined by 26% decrease in costs.
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.
