Electricity

High-techn company Teltonika has said it is halting the construction of a Taiwanese semiconductor chip factory in Vilnius due to a shortage of electricity capacity and delays from the Ministry of Economy and Innovation to convert land to industrial use.

Prime Minister Ingrida Šimonytė and Energy Minister Dainius Kreivys have unveiled a clock in Vilnius counting down 100 days left until 8 February 2025, when the Baltic States will eventually leave Russia-controlled electricity ring to join the European power grid.

Lithuania’s electricity transmission system operator Litgrid on Friday switched on a synchronous condenser intended to secure independent operation of the Lithuanian power grid.

A smart energy solutions company, Ignitis, will supply electricity generated by a wind farm in Mažeikiai to one of the largest industrial companies and electricity consumers in Lithuania, Akmenės Cementas, reports Ignitis.

Lithuania will be fully self-sufficient in electricity in 2028, being on track to generate a 65% share of its power demand by the end of this year, says Energy Minister Dainius Kreivys.

Lithuanian electricity transmission system operator Litgrid has said an annual isolated operation test of the Kaliningrad region’s electricity system is scheduled for 14 September

Lithuanian electricity transmission system operator Litgrid informs that the capacity of solar and wind power plants operating in Lithuania has reached 3 GW. The rapid development of renewable energy is expected to continue, Litgrid stated.

Energy distributor AB Energijos skirstymo operatorius (ESO) says it has restored power supply to all of its customers who were left without electricity after a massive storm last week.

The electricity supply has still not been restored to around 10,000 people, energy distributor ESO said Friday morning, the fifth day after a massive storm pounded the country.

Nearly EUR 3.3 billion will be invested in the electricity distribution network over the next decade, Energy Minister Dainius Kreivys said Tuesday evening, as more than 160,000 households were left without power after the latest storm.

In June 2024, compared with May, the average wholesale price of electricity in Lithuania increased by 21% and stood at EUR 91.64/MWh.

Lithuanian, Latvian and Estonian electricity transmission system operators have signed a document to inform Russia and Belarus about the upcoming withdrawal from the BRELL electricity ring next year.

A storm hit most of Lithuania on Thursday but people were not hurt. From Thursday 6 a.m. until Friday 6 a.m. firefighters responded to 66 reports about trees uprooted by high wind and blocking roads.

NordBalt power interconnection between Lithuania and Sweden went offline on Monday morning due to a fault, stated Lithuania’s electricity transmission system operator Litgrid.

In March 2024, compared with February 2024, the wholesale price of electricity decreased by 9% in Lithuania to EUR 68.29/MWh. In Latvia and Estonia, electricity prices decreased by 10% in a month to EUR 68.26/MWh.

On Wednesday, President Gitanas Nausėda opened the Baltic Sea High Level Energy Security Meeting at Vilnius Town Hall, said the president’s press service.

Average wholesale electricity price decreased by 11% in Lithuania last week and was the lowest this year, shows data published by Litgrid, Lithuania’s electricity transmission system operator.

Renewable energy remains at the core of Lithuania’s updated national energy independence strategy, while installing small nuclear reactors in the country is only one of the options set out in the strategy, says the energy minister. State institutions will not be building them, he says.

President Gitanas Nausėda welcomes discussions on the possibility to install small nuclear reactors in Lithuania when developing the renewable energy sector.

EPSO-G Group, a group of energy transmission and exchange companies, has reported that its audited adjusted net profit for 2023 amounted to EUR 24 million and remained stable compared to EUR 24.7 million in 2022. The Group’s investment in projects to strengthen energy independence was a record of al...