The price of redirecting the electric energy system westwards, economic benefit for Lithuania and the most viable ways of the interconnection with the European electricity grids will be presented in a new Feasibility Study in a year and a half. A corresponding agreement was signed earlier this week by the Baltic electricity transmission system operators Litgrid (Lithuania), Augstsprieguma Tikls (Latvia), Elering (Estonia) and Sweden’s Gothia Power AB.
2012 April 26
Government Authorises Litgrid to Implement Synchronisation with the European Continental Electricity Network
The Government has authorised the Lithuanian electricity transmission system operator Litgrid to implement the Lithuanian electric energy system synchronisation with the European Continental Network (ECN). The country’s electricity system synchronisation with the European electricity system is the strategic goal of the Lithuanian energy sector.
2012 April 16
Invitation to introductory seminar
Nord Pool Spot is pleased to announce that at an important step in the Baltic Energy Market Interconnection Plan (BEMIP) implementation process took place on 26 March, when Litgrid and Nord Pool Spot signed the Lithuanian Power Exchange operation agreement. According to the agreement, Nord Pool Spot will become the operator of the Lithuanian power market from June 18, 2012. Nord Pool Spot will from this date offer day-ahead power trading in the Lithuanian market and introduce an intraday market at a later stage.
2012 April 11
Tender Winner Announced for the Feasibility Study of Baltic States’ Interconnection with European Continental Network
In the beginning of May, Lithuanian electricity transmission system operator Litgrid is set to sign an agreement with a Swedish company that won the international public tender for a feasibility study regarding the Baltic States’ integration into the EU’s internal electricity market and implementation of possible interconnections. The lowest bid tender for the preparation of the feasibility study was won by the Swedish company Gothia Power AB. A total of three suppliers have submitted their applications for the participation in the tender.
2012 April 10
The latest "Energy Update" issue
2012 April 6
Litgrid Obliged to Implement Activity Separation Plan by 1 October
Lithuanian electricity transmission system operator Litgrid has been obliged to carry out all the necessary activities in order to implement the provisions of the Law on Electricity regarding the unbundling of electricity transmission activity from the vertically-integrated company group by 1 October 2012. The National Control Commission for Prices and Energy (NCCPE) has indicated that the electricity transmission network operator has to be unbundled according to the requirements of the European Union's Third Energy Package. Litgrid’s controlling interest is currently held by the vertically-integrated group of Visagino Atominė Elektrinė UAB.
2012 April 4
TSOs of the Baltic countries to become Nord Pool Spot shareholders
Estonian, Latvian and Lithuanian electricity transmission system operators (TSOs) Elering, Augstsprieguma Tīkls and Litgrid have signed a Memorandum of Understanding (MoU) on the purchase of the shares of the Nord Pool Spot, Europe´s largest power exchange. This is a crucial milestone in the implementation of the Baltic Energy Market Interconnection Plan (BEMIP).
2012 April 4
One of Vilnius' Key Electricity Units Under Reconstruction
Electricity transmission system operator Litgrid has announced the reconstruction of the transformer substation based in the capital city's Viršuliškės district. By November 2012, the substation's facilities will be replaced with new ones. In co-operation with the distribution network operator, the work has been planned to prevent any electricity transmission disruptions for the residents and institutions of Viršuliškės and Karoliniškės wards.
2012 April 2
Litgrid Prepares Unbundling Plan
On 30 March 2012, Lithuanian electricity transmission system operator Litgrid presented the National Control Commission for Prices and Energy (NCCPE) with a detailed action plan for the unbundling of the company from the vertically-integrated company group. It is planned that by 31 December 2012 the activity of Lithuanian electricity transmission operator Litgrid will be split from the vertically-integrated group of Visagino Atominė Elektrinė UAB, which currently holds Litgrid’s controlling interest. The detailed action plan will be published immediately after it is approved by the NCCPE and the Board of Litgrid.
2012 March 26
World’s Largest Power Exchange Nord Pool Spot Launches Bidding Area in Lithuania
Lithuanian electricity transmission system operator Litgrid and Europe’s leading Nordic power exchange Nord Pool Spot signed an agreement in Vilnius today, according to which Nord Pool Spot bidding area will be launched in Lithuania as of 18 June.
