The synchronisation of Baltic power networks with that of continental Europe could happen in 2024, according to the European Commissioner for Environment, Oceans and Fisheries Virginijus Sinkevicius. He added that the existing technical problems could be solved and it should be done. “I have told the commission that we have to guarantee all three Baltic…
Latvia’s government has halted plans to build a liquified fossil gas (LNG) terminal, although campaign groups warn that relying on fossil gas from Estonia, an option the two governments are now exploring, is a false solution. Few countries in Europe managed to slash their use of fossil gas in 2022 as much as the three…
Lithuania may withdraw from the post-Soviet BRELL agreement with Russia and Belarus next year, if this week’s power system isolated operation test is successful. Lithuanian politicians and energy officials are planning both steps in an attempt to persuade Latvia and Estonia to speed up the synchronisation of their electricity grids with the Continental European system.…
By saving up a portion of their monthly income, 31% of Baltic residents have managed to accumulate up to EUR 5,000 in savings. Savings of 21% of Baltic residents are higher than that. Estonian residents generally have the biggest savings. Latvia, on the other hand, has many more residents who don’t have any savings at…
Eesti Gaas, the Baltic-Finnish region’s largest private energy company, is set to enter Latvia’s household natural gas market starting from May 1 under the international brand name Elenger. “We believe that the entry of a new market player will certainly benefit gas consumers in Latvia, providing people with the opportunity to choose the most suitable…
The average electricity price in Latvia and Lithuania went down by 25% last year, as reported by Latvenergo representatives. The price went down in the entire Nord Pool region. Additionally, the average electricity price in Latvia and Lithuania the price was 56.22 EUR/MWh. In both trade regions it went down by 25% compared with the…
On March 28, Politico reported that six EU countries, including Estonia and Lithuania, were profiting from sending military aid to Ukraine. According to the Lithuanian and Estonian governments, the report is misleading. According to Politico, the six countries calculated their reimbursement by the European Peace Facility (EPF) for aid to Ukraine based on new acquisitions…