Lithuania would have to negotiate with Sweden, from which it imports a large part of its electricity, if the EU adopts a proposal on redistributing the excess profits of low-cost energy producers, Prime Minister Ingrida Simonyte has said. “If this decision is adopted, there will be obligations to share excess profits among member states, if…
The Social Democratic Party’s (LSDP) representatives in the Lithuanian parliament are launching an interpellation procedure against Energy Minister Dainius Kreivys over what they say is a mishandled electricity supply reform and failure to respond to the surge in energy prices. The group says the minister will be asked to provide answers regarding “negligent attitude towards…
Compensating businesses for rising electricity and gas costs would put an unbearable burden on the country’s budget, Lithuanian Finance Minister Gintare Skaiste has said, adding that the majority of the European Union countries are only providing support for households. “At present, the majority of countries provide support only to households since businesses consume both electricity…
The International Atomic Energy Agency (IAEA) has confirmed that a back-up power line needed for cooling has been restored at the Zaporizhzhia Nuclear Power Plant. “A back-up power line to Ukraine’s Zaporizhzhya Nuclear Power Plant (ZNPP) has been restored, providing the plant with the external electricity it needs for reactor cooling and other safety functions,”…
Estonian renewables generator Enefit Green is in the process of developing a wind farm in Lithuania, which will be the largest the company operates, and is scheduled to start production in April 2023. Enefit Green is a subsidiary of state electricity generator Eesti Energia. The 75 MW development is under construction in Akmene, in northern…
More and more citizens have started to install renewable energy systems, the most popular of which are photovoltaic panels. The government and the parliament have recently simplified the connection of installations of this kind to the national electricity system, in the case of own consumption, reducing the connection terms, the government’s communication and protocol department…
As energy prices continued to rise, the Lithuanian government unveiled new crisis measures on September 7. As presented by Finance Minister Gintare Skaiste, one of the planned measures is the extension of the VAT relief for central heating. The zero-VAT rate is now planned for two heating seasons: from October this year until the end…