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.
2014 November 6
The current methodology for the calculation of cross-border capacities will remain the same till beginning of 2016
Baltic transmission system operators have signed a Memorandum of Understanding on the calculation and allocation of cross-border capacities next year.
2014 October 23
LitPol Link ‘Power Bridge’ Construction Reaches Halfway Point
Construction of the LitPol Link power interconnection with Poland, one of Lithuania’s most important current energy projects, is rapidly pushing forward, with 45 percent of planned works now complete. As of mid-October, a third of the transmission pylons for the high-voltage power line planned in Lithuanian territory are already in place, construction of facilities for the high-voltage direct current (HVDC) back-to-back converter station is underway, and reconstruction of the Alytus transformer substation is nearing completion.
2014 October 17
New High-Voltage Transmission Line Successfully Launched
Electricity has begun flowing through the new high-voltage power transmission line running from Klaipėda to Telšiai. This is the first 330 kV power transmission line to be built in Lithuania since the restoration of independence.
2014 October 15
Environmentalists and energy specialists help save a rare plant species
With construction of the Lithuania-Poland power link LitPol Link gathering pace and work underway in Lazdijai District, environmentalists together with energy specialists have removed an endangered species from the power link’s route – the early marsh orchid (Dactylorhiza incarnata), which is also called the Lithuanian orchid. The plants were relocated to a safer nearby site.
2014 October 13
Strategic Investments in Power Grid to Bring Decades of Benefits
Lithuanian electricity transmission system operator Litgrid has published a 10-year plan for the development of the country’s high-voltage power transmission grid. The main strategic priority for the next decade remains the integration of Lithuania’s electricity system with that of Western Europe.
2014 September 9
One-fifth of the electricity consumed this summer was produced by local power plants
During the third meeting of the Electricity Market Development Committee on 9 September, statistics prepared by representatives of Litgrid and Nord Pool Spot on the past summer’s electricity market were presented to electricity market experts and specialists.
2014 September 4
Experts: new sources of electricity generation would also be needed for the development of renewable energy
Commissioned by the Lithuanian electricity transmission system operator Litgrid, experts from the Kaunas University of Technology examined potential scenarios for the development of renewable energy in Lithuania until 2030.
2014 September 3
Invitation to Respond to the Public Consultation on the PTR-Limited principles
After assessing the needs of electricity market participants the Baltic transmission system operators (TSOs) the Elering AS, AS Augstsprieguma tīkls and Litgrid AB invite all interested parties to respond in writing to the request for comments on the "Terms and Conditions of Limited Physical Transmission Rights (PTR-Limited) Auction on the Estonia-Latvia border”.
