The European Commission is getting ready to start consultations with Russia over the switching of the Baltic states' power networks off the post-Soviet system and their synchronization with that of western Europe.
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Lithuania's Prime Minister Saulius Skvernelis is leaving for Sweden on Monday on a brief visit to discuss energy and investment matters with the country's Prime Minister Stefan Lofven.
In 2016, the final electricity consumption in Lithuania totalled 10.47 kilowatt hours (or 10.47 terawatt hours, TWh). A record growth in the consumption was observed last year: residents, businesses, agriculture and transport used 4.5% more electricity compared to 2015. The growth rate in agricultur...
In 2016, the average price for electricity in the Lithuanian bidding area of Nord Pool was the lowest in the history of the exchange: EUR 36.5 per megawatt hour (MWh). The price was 13% lower compared to 2015 and 25% lower than in 2014 and 2013, LitGrid AB informed in its press release today.
The Lithuanian electricity transmission system operator Litgrid and NATO Energy Security Centre for Excellence have signed a cooperation agreement. The two parties have undertaken to exchange experience in ensuring and strengthening Lithuania’s energy security.
The electricity interconnection between Lithuania and Sweden Nordbalt is back online after a malfunction shut it down last week.
NordBalt electricity connection with Sweden has been fixed. However, there is no information on when the connection will resume the supply of electricity.
The NordBalt electricity interconnection between Lithuania and Sweden was shut down due to a malfunction on Friday, Litgrid said.
At the end of February, electricity prices across the Baltic states moved in different directions. Electricity prices fell by 2 percent in Lithuania and Latvia while rising by 4 percent in Estonia.
The operation of the electricity interconnector between Lithuania and Sweden pushed electricity prices down to record lows in Lithuania last week, according to Litgrid, as it started to operate in test mode.
New electricity interconnections with Poland saw Lithuanian wholesale electricity prices in December fall by 9%, but the opening of the NordBalt interconnector with Sweden will not see a harmonisation with Swedish electricity prices for some time, say Litgrid.
2015 was an intense year full of changes in Lithuania's energy sector. The Ministry of Energy compiled a list of the ten most important events that have affected the energy sector and consumers the most.
