“We have discussed the concept of merging the three Baltic bidding zones into one. Now we have different bidding zones, where each of them has a dominant operator – Ignitis in Lithuania, Latvenergo in Latvia and Eesti Energia in Estonia. Merging these into a single zone would really increase competition between the players. Smaller companies could also enter the market,” Renatas Pocius, head of the National Energy Regulatory Council (VERT), said Monday after a meeting with President Gitanas Nausėda.
The VERT chair said he will address the possibility of a common market in a meeting with his counterparts from Latvia and Estonia due next week. If the Baltic regulators agreed on a single position, it would prompt politicians to engage in a discussion and find solutions, Pocius added.
