Subsidising electricity and natural gas bills may cost the Lithuanian government between 500 million and a billion euros next year, according to Prime Minister Ingrida Simonyte. “No doubt, the government will limit that price hike, as it has done since July 1,” she said on August 23. “Next year’s budget is now being drafted and,…
Lithuania produces three times less electricity than it consumes. One of Europe’s largest electricity generation deficits exacerbates the already soaring electricity prices, experts say. The origins of the issue – December 31, 2009, 22:54. That is when the second reactor of the Ignalina Nuclear Power Plant, which met 70% of Lithuania’s electricity need, was shut…
Scheduled annual maintenance on the NordBalt electricity cable between Lithuania and Sweden has been put off for more than two months due to the difficult situation in the electricity market. The Lithuanian Energy Ministry said that Litgrid, the country’s power transmission system operator, had made the decision on the ministry’s instructions. According to the Energy…
The Lithuanian government will provide partial compensation to customers of Perlas Energija, an independent electricity supplier, after its announcement of the suspension of operations, Energy Minister Danius Kreivys has said. “Perlas Energija consumers from the first and second electricity market liberalisation phase can choose another electricity supplier, and they should do it until September 1,”…
Following the electricity shortage on the Baltic electricity exchange on August 16, the Lithuanian power grid operator Litgrid activated additional reserves, with the Panevezys and Elektrenai power plants starting to generate electricity on August 17. “Litgrid activated the Panevezys power plant from its cold state, as well as the additional reserve capacity in the combined…
Member in EU Parliament Siegfried Muresan announced that the Republic of Moldova received 75 million euros of European support in the context of the energy crisis. “The European Commission transferred 75 million euros to the Republic of Moldova as budget support, considering the difficult energy situation the country was facing,” the official writes. The European…
The third and final stage of liberalisation of Lithuania’s retail electricity market will be delayed for at least a year, the country’s Energy Minister Dainius Kreivys said on August 16. “We will provide a specific figure later when we put the bill before the parliament. But the liberalisation delay period will be more than a…