Nordic and Baltic energy exchange Nord Pool Spot announced intraday electricity market Elbas to be placed into operation from the 10th of December 2013 in Lithuanian and Latvian bidding areas.
2013 October 10
Benefit from interconnections NordBalt and LitPol Link could reach LTL 180 million per year
Lithuania imports almost two thirds of all its consumed electricity, therefore, possibilities for importing it for a competitive price from sources, which produce vast amounts of electricity, are significant for the whole national economy. “If the interconnections with Sweden and Poland were operating now, the current prices in the Nord Pool Spot Lithuanian bidding area would decrease by 1.8 ct/kWh, and the annual benefit would reach LTL 180 million,” claims Daivis Virbickas, chairman of the Board and CEO of the Lithuanian electricity transmission system operator Litgrid.
2013 October 9
The transmission grid development plan includes infrastructure projects up to 2022
On 10 October 2013, electricity transmission system operator Litgrid will present its ten-year grid development plan, prepared and up-dated on an annual basis. The goal of this presentation is to give a more detailed account of the key grid development projects for 2013-2022, to listen to issues raised by the public and businesses, and to take said into account where possible.
2013 October 7
Heads of Lithuanian and Polish TSOs discuss LitPol Link project
On 2 October 2013, the heads of the Lithuanian electricity transmission system operator Litgrid in Warsaw met with the management of PSE, the Polish TSO, to discuss the progress of the strategic Lithuanian-Polish power interconnection project LitPol Link and preparatory works for the interconnection’s construction.
2013 September 30
Litgrid signed an agreement on reconstruction of Alytus switchyard, a gateway to LitPol Link
Lithuanian electricity transmission system operator Litgrid and A. Žilinskio ir Ko, a company engaged in the design and construction of electricity equipment, have signed an agreement on the reconstruction and expansion works of the 330 kV switchyard of the Alytus transformer substation.
2013 September 12
Generation and transmission capacity shortage in the Baltic region raises prices on the power exchange
After generation at Finland's Olkiluoto 2 nuclear reactor stopped unexpectedly on 9 September, electricity supply in Finland decreased. Electricity shortages and growing demand are causing a significant spike in electricity prices in Finland and in the Estonian, Latvian and Lithuanian bidding areas of Nord Pool Spot, the common Nordic-Baltic electricity power exchange. Wholesale electricity prices in the Lithuanian bidding area of the Nord Pool Spot exchange reached 27 cents per kilowatt-hour (ct/kWh) today. Today's increase in the price of electricity in Lithuania (and Latvia) was also impacted by the limited electricity imports from Estonia and Russia due to power transmission line repairs.
2013 September 10
Chairman of the Board of Litgrid has been elected
On 10th September 2013 the first meeting of the new Board of the Lithuanian electricity transmission system operator Litgrid AB took place. During the meeting of the Board, Mr. Daivis Virbickas has been elected as a Chairman of the Board and a new CEO of Litgrid.
2013 September 10
Board of Litgrid has been elected
On 10th September 2013 a new Board of the Lithuanian electricity transmission system operator Litgrid AB has been elected by the Supervisory board of the company.
2013 September 5
Latvian system operator, Augstsprieguma tikls (AST), becomes Nord Pool Spot shareholder
The Latvian independent system operator AS “Augstsprieguma tikls” (AST) acquired a 2% share of Nord Pool Spot on 30 August 2013.
2013 August 27
Litgrid Complies with the Requirements of EU Third Energy Package – the Company Has Been Granted a TSO Licence of Unlimited Duration
The procedure for the certification of Litgrid, Lithuanian electricity transmission system operator (TSO), was successfully completed today in accordance with the provisions of the European Union Third Energy Package that obliges the Member States to separate the electricity transmission operations from the power and gas generation and distribution.
