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.
2015 May 29
Litgrid Group's results for the first quarter of 2015 announced
In the first quarter of 2015, the Litgrid Group‘s profit before tax was EUR 2.4 million, EUR 1.5 million higher than in corresponding period of 2014. Higher profit was mainly determined by lower amortization expenses due to tangible fixed assets evaluation performed last year.
2015 May 18
Average electricity market price in April 19% lower than a year ago
In April the average electricity price in the Nord Pool Spot Lithuanian bidding area was 35.61 EUR/MWh, and this is almost 20% lower than in April last year.
2015 May 11
Strict quality requirements for the reliable grid
As an electricity transmission system operator, Litgrid aims at ensuring safety and quality by taking a responsible approach towards the management of the national infrastructure entrusted to it, including maintenance of the existing grid and planning of its development.
