At the beginning of this year, the Lithuanian electricity transmission system operator Litgrid consistently continued strategic projects for the synchronisation with the Continental Europe, introduced new rules for the development of renewable energy sources, ensured reliable electricity supply to Lithuanian consumers, provided support to the Ukrainian electricity system, including sending one of the most important transmission network devices, a 330 kV autotransformer. The company's revenue and profit grew, although the transmission rate for consumers decreased as congestion management revenues was used.
2023 April 22
Litgrid Completed the Isolated Operation Test of the Lithuanian Electricity System
The Lithuanian electricity transmission system operated completely independently for the first time on Saturday. The system operator Litgrid performed an isolated operation test, during which the Lithuanian electricity network was disconnected from the IPS/UPS system controlled by Russia. The isolated operation test is one of the most important steps in preparing for the synchronisation of the electrical system with continental Europe.
2023 March 22
How Latvia is progressing towards the synchronisation
Latvian power transmission system operator „Augstsprieguma tīkls“ (AST) is has made important steps towards implementing its own synchronisation programme for connecting Latvian grid to the Continental European Synchronous Area. The operator has signed a contract for the supply and installation of three synchronous condensers and advances towards the reconstruction of overhead lines at a good pace.
2023 February 27
EPSO-G launches selection of “Amber Grid” and “Litgrid” Board members
The energy transmission and exchange company group EPSO-G has opened up the selection process for members of the boards of “Amber Grid” and “Litgrid”. “Amber Grid” is looking for a Board member nominated by the parent company in the area of innovation and green transformation competences, while “Litgrid” is looking for an independent Board member in the area of technological innovation competences.
2023 February 6
Litgrid Results For 2022: Important Stages Of Synchronisation Projects Completed, High Energy Prices Led To A Loss
Lithuanian electricity transmission system operator Litgrid in 2022 implemented the most important goals of strategic projects in the synchronisation with continental Europe programme, ensured reliable electricity transmission, developed innovations and improved the conditions for the development of renewable energy resources. Due to high electricity prices, the company suffered losses of 49.4 million, according to unaudited data. In response to the situation in the electricity market, at Litgrid's proposal, a part of the congestion management revenues received by the company is allocated to consumers, thereby amortizing the increase in the electricity transmission tariff from the beginning this year.
2022 December 29
Tomas Varneckas elected as the Chairman of the Board of LITGRID AB
Lithuanian electricity transmission system operator LITGRID informs that Tomas Varneckas, Head of Infrastructure of the Energy Transmission and Exchange Group EPSO-G, has been elected as the Chairman of the Board of LITGRID AB in the Board meeting held on 29 December 2022.
2022 December 2
Algirdas Juozaponis, the Chair of the Board of LITGRID AB, decided to leave EPSO-G company group
Algirdas Juozaponis, the Chair of the Board of the Lithuanian energy transmission operator Litgrid, has decided to leave the EPSO-G company group and retire from his position as the Chief Financial Officer of EPSO-G, starting from January 2023. Mr. Juozaponis will continue his office as a Chair of the Board of Litgrid until the selection is completed and the new member of the Board takes up their duties.
2022 November 4
Litgrid 9 months results: high energy prices lead to loss, strategic projects are on track
Lithuanian electricity transmission system operator Litgrid suffered a net loss of €43.5 million in the first 9 months of this year due to high electricity prices. This did not affect the company's consistent implementation of strategic projects of electricity system synchronisation with the continental Europe and ensuring the smooth operation of the electricity transmission system. In response to the situation in the electricity market, Litgrid also proposed to allocate part of the congestion management revenue received by the company to consumers, thus damping the increase in the electricity transmission service price for the next year.
2022 November 3
Baltic Sea Transmission System Operators prepare to manage risks on electricity adequacy
The leaders of the Baltic Sea electricity transmission system operators met in Helsinki on 2nd of November to discuss the energy crisis in Europe and the electricity adequacy of the region.
2022 October 28
Litgrid and Amber Grid are sending aid to rebuild Ukraine's energy infrastructure
As Russia is purposefully destroying Ukraine's energy infrastructure, EPSO-G group companies Litgrid and Amber Grid allocated equipment for the repair of damaged electrical substations and gas pipelines. Assistance to Ukrainian electricity and gas transmission operators will be channelled through the non-governmental organization Blue/Yellow.
