The residents of the western part of Lithuania will now be able to enjoy a more reliable supply of electricity thanks to the reconstructed transformer substation in Klaipėda which will also ensure more secure transmission of electricity.
2014 December 19
One year until the launch of power interconnections with Poland and Sweden
The construction of high voltage interconnections LitPol Link and NordBalt to connect Lithuania with Poland and Sweden is moving ahead: two thirds of NordBalt and half of LitPol Link works have been completed since the middle of the spring this year.
2014 December 16
November witnessed the lowest average electricity market price since May
In November, the average electricity price in the Lithuanian trading zone of the Nord Pool Spot was 17.4 ct/kWh, a drop down by 6 percent compared to October, and was the lowest since May this year.
2014 December 12
Baltic TSOs agreed on roadmap towards synchronization with Continental Europe
The three Baltic electricity transmission system operators (TSO) have developed an action plan towards synchronous operation with the network of Continental Europe, with the target of establishing synchronous operation by 2025.
2014 December 11
Two NordBalt transformers unloaded at the port of Klaipėda
On 11th of December the first two transformers for the power interconnection NordBalt to link Lithuania with Sweden have been successfully unloaded from the vessel by a floating crane.
2014 December 8
Invitation to Respond to the Public Consultation on the Projects that could be Potentially Included in the List of PCI
Lithuanian electricity transmission system operator Litgrid invites to respond to a public consultation on the projects, which could be potentially included in the list of Projects of Common Interest (PCI).
2014 November 28
Litgrid Group‘s Financial Results for Nine Months of 2014 Published
During the first nine months of 2014, Litgrid Group’s total income was LTL 300 million, which is 28% less compared with the same period in 2013.
2014 November 13
About 60 percent of total electricity consumption will be imported this winter season
With the winter season approaching the Lithuanian electricity transmission system operator Litgrid presented system adequacy analysis. The analysis shows that Lithuania's electricity system will be able to meet the country's electricity needs even under severe conditions of weather, emergencies or other circumstances. Up to 62 percent of the consumed electricity may be imported from the neighbouring countries this winter season.
2014 November 11
NASDAQ OMX Commodities presents first financial products for electricity market players
As of November 11, the derivatives exchange NASDAQ OMX Commodities will start trading in derivative instruments linked to electricity prices in the Lithuanian and Latvian bidding areas of the power market Nord Pool Spot.
2014 November 7
Terms and conditions of PTR-limited Auctions announced for the year 2015
Estonian and Latvian Transmission System Operators Elering and AS Augstsprieguma tīkls agreed on the new auction rules for the PTR-limited auctions.
