Energy

International Internet Magazine. Baltic States news & analytics Tuesday, 21.02.2017, 23:00

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Electricity consumption in Lithuania: highest in a quarter of a century

Electricity consumption in Lithuania: highest in a quarter of a century

21.02.2017

In 2016, the final electricity consumption in Lithuania totalled 10.47 kilowatt hours (or 10.47 terawatt hours, TWh). A record growth in the consumption was observed last year: residents, businesses, agriculture and transport used 4.5% more electricity compared to 2015. The growth rate in agriculture was as high as 8.4%, service sector 5.7%, residents 4.3%, and transport sector 4%. The lowest year-on-year growth rate (3.5%) was recorded in the industrial sector.

Keyword tags: Analytics, Baltic, Energy, Energy Market, EU – Baltic States, Lithuania



Electricity prices in Lithuania drop w-o-w as demand falls

Electricity prices in Lithuania drop w-o-w as demand falls

20.02.2017

Electricity prices across the Baltic Sea region went down last week as demand for power declined due to improved weather conditions, Litgrid said LETA/BNS on Monday.

Estonian Alexela's Paldiski LNG terminal not granted EU funding

Estonian Alexela's Paldiski LNG terminal not granted EU funding

20.02.2017

The Estonian Alexela Group failed to secure EU funding for its project to build a liquefied natural gas (LNG) terminal in Paldiski in last year's round of calls for energy proposals but plans to go ahead with the project and raise private capital if necessary, reports LETA/BNS.


Renewable energy investments amount to EUR 70 mln in 2016

Renewable energy investments amount to EUR 70 mln in 2016

20.02.2017

According to data of the Estonian Renewable Energy Association, new renewable electricity capacity added last year totaled 42.19 megawatts or approximately as much as in three preceding years combined, and investments in renewable energy amounted to 70 mln euros.

Moody’s affirms credit rating of Latvia’s Latvenergo power utility at Baa2

Moody’s affirms credit rating of Latvia’s Latvenergo power utility at Baa2

16.02.2017

International credit rating agency Moody's has once again affirmed the credit rating of Latvia’s Latvenergo power utility at Baa2, with a stable outlook, the company said in its statement to the Nasdaq Riga stock exchange.


15.02.2017

Electricity price drops 27% in Lithuania in Jan y/y

The average price of electricity in Nord Pool Spot's Lithuanian bidding area declined by 27% over the past year to 36.9 euros per megawatt-hour in January. M-o-m, the price climbed 6%, Litgrid said on Wednesday.

14.02.2017

Elektrilevi to introduce two-component network fees

The Estonian electricity distribution system operator Elektrilevi is planning to introduce a two-component network fee next year consisting of a permanent component and a volume based component.

14.02.2017

Lithuania-Sweden power link offline again due to cable fault

The NordBalt power interconnection between Lithuania and Sweden is out of service again due to a cable fault, writes LETA/BNS.

13.02.2017

Lithuania's avg electricity market price rises 12% w-o-w amid increased demand

The average price of electricity in Nord Pool Spot's Lithuanian bidding area rose by 12 percent last week from a week earlier to 40.9 euros per megawatt-hour as a cold snap boosted power demand, Litgrid said LETA/BNS on Monday.

13.02.2017

IAEA official: Belarus' N-plant is a serious project

he Astravyets nuclear power plant under construction in Belarus, not far from the border with Lithuania, is a serious project that preliminary meets the International Atomic Energy Agency's safety standards, one of the agency's heads said in an interview with LETA/BNS.

10.02.2017

Six companies register in the Register of Natural Gas Suppliers today

On Friday, six companies have registered in the Register of Natural Gas Suppliers, the Public Utilities Commission’s (SPRK) reported LETA.

10.02.2017

Lithuania-Sweden power link NordBalt offline for unknown reason

The NordBalt power interconnection between Lithuania and Sweden is offline due to unknown reasons, reports LETA/BNS.

09.02.2017

Fortum group companies top list of recipients of renewable energy subsidy in 2016

ompanies of Fortum group were the biggest recipients of renewable energy support and high-efficiency cogeneration support in Estonia in 2016, receiving altogether 17.6 mln euros, informs LETA/BNS.

09.02.2017

Lithuania imports 79% of consumed electricity in Jan

Lithuania's need for electricity grew by 6.4% to 980 gigawatt-hours (GWh) in January from December, with most of the need covered by imported electricity, reports LETA/BNS.

09.02.2017

Rigas Siltums municipal heating company raises tariff in March and April

The tariff of Rigas Siltums municipal heating company will be raised in March and April, informed LETA.

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