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.
2022 October 25
Baltic balancing capacity market: an opportunity for investments in batteries and renewable energy solutions
Lithuanian electricity transmission system operator Litgrid, together with Latvian and Estonian operators Augstsprieguma tikls (AST) and Elering, have calculated that from 2025, when the Baltic balancing capacity market will start operating, the demand for balancing capacity will reach up to 1512 MW. The new market is being created in preparation for synchronisation with continental Europe, after which the Baltic countries will become one frequency control block and order balancing capacity services together.
2022 October 21
Artūras Vilimas, an independent member of Litgrid's Management Board, resigns
Artūras Vilimas, independent member of Litgrid's Management Board, resigned on October 21st 2022.
2022 October 7
To increase competition among contractors Litgrid joins international public procurement platform
Litgrid, the Lithuanian electricity transmission system operator, has joined DevelopmentAid, an international public procurement platform. The new platform will help Litgrid to find international partners and increase competition among contractors as the company plans to invest more than €2 billion in infrastructure and network improvements over the next decade.
2022 September 20
Isolated operation test of the Kaliningrad electricity system to be held over the weekend
Litgrid, the Lithuanian electricity transmission system operator, informs that a planned isolated operation test of the Kaliningrad power system will take place on Saturday, 24 September.
2022 September 16
The isolated operation test of Lithuania’s electricity system postponed
Litgrid, the Lithuanian electricity transmission system operator, informs that the isolated operation test of the Lithuanian electricity system planned for this September has been postponed. The decision was taken in consideration of the situation on the electricity market, including high energy prices, as well as to ensure the maximum capacity of the electricity interconnections between the countries in the region. The date of the postponed test will be clarified once it has been agreed with regional partners.
2022 August 4
Litgrid results for the first half of the year: reliable electricity transmission ensured, preparations for synchronisation continue
Litgrid, Lithuanian electricity transmission system operator, has ensured positive reliability indicators in the first half of this year and continued to prepare for the synchronisation.
The implementation of the synchronisation with the continental European grid and other strategic projects was ensured. Increased electricity market prices were the main factor behind the increase in both revenues and costs, having negative impact on the company's profit.
2022 August 1
Litgrid held a synchronous connection training session for Baltic states’ electricity system dispatchers
Baltic states’ electricity transmission system dispatchers took part in a training session to test scenarios for disconnection from Russia and Belarus, isolated operation and synchronous connection to the continental European grid. The training was organised by a team from the Lithuanian electricity transmission system operator Litgrid.
