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.
2013 August 27
Litgrid profit increased twofold in the first half of 2013
In the first half of 2013, the Litgrid group’s pre-tax profit exceeded 30 million LTL and was more than twice as big as the previous year’s six-month pre-tax profit, which equalled 13.5 million LTL.
2013 June 11
Intraday market Elbas for Latvia and Lithuania in 2013
Nord Pool Spot is pleased to announce that its leading intraday market, Elbas, is planned introduced in both Latvia and Lithuania by the end of 2013. This completes Nord Pool Spot’s long term goal of creating a modern and integrated Baltic power market connected to the Nordic region.
2013 June 3
Baltic power market completed with successful opening of Latvian bidding area
On 3 June 2013 a new Nord Pool Spot bidding area has been launched successfully in Latvia. With this Nord Pool Spot has realised its long term goal of creating a transparent and open Baltic power market, with public, reliable prices, connected to the Nordic region.
2013 May 31
Regarding key court ruling in LitPol Link project
On May 29, 2013, the Supreme Administrative Court of Lithuania passed a final decision in the administrative case concerning the legitimacy of the environmental impact assessment (EIA) of LitPol Link’s 400 kV power line. There is no appeal against the decision.
