Energy

International Internet Magazine. Baltic States news & analytics Wednesday, 18.07.2018, 00:14

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Lithuania seeks EU funding for dismantling of Ignalina reactors – energy minister

Lithuania seeks EU funding for dismantling of Ignalina reactors – energy minister

17.07.2018

Lithuania is seeking to secure all necessary funding for the dismantling of the Ignalina Nuclear Power Plant's reactors and the government is now asking the European Commission for more funds to ensure that works are not interrupted during the switchover from one EU budget period to another, Energy Minister Zygimantas Vaiciunas said on Tuesday, informs LETA/BNS.

Keyword tags: Energy, Lithuania, Nuclear power plant



Latvia might phase out MPC in three years' time - Aseradens

Latvia might phase out MPC in three years' time - Aseradens

16.07.2018

Latvia might phase out the mandatory purchase component (MPC or the part of the electricity price used to subsidize green energy producers) in the next three years’ time, Economics Minister Arvils Aseradens said in an interview with Latvian Television this morning, informs LETA.

Competition Council allows Fortum Latvia to take over 3 heating utilities in Daugavpils

Competition Council allows Fortum Latvia to take over 3 heating utilities in Daugavpils

13.07.2018

The Competition Council has given permission to Fortum Latvia energy company to take over three thermal power producers operating in the southeastern Latvian city of Daugavpils: BK Energija, Energy&Communication and Sprino, LETA was told at the council.


Merko Infra to expand Harku substation with EUR 1 mln

Merko Infra to expand Harku substation with EUR 1 mln

13.07.2018

AS Merko Infra, a subsidiary of the listed Estonian construction group AS Merko Ehitus, and transmission system operator Elering AS on Thursday entered into a contract for the extension of the 330-kilovolt Harku substation, informed Merko the stock exchange.

Danpower deal: Lithuanian court refuses to endorse energy inspectorate

Danpower deal: Lithuanian court refuses to endorse energy inspectorate

12.07.2018

The agreement is part of a wider amicable agreement between the Energy Ministry and Danpower. The court endorsed it in two other cases, reports LETA/BNS.


12.07.2018

Baltic states to test desynchronization from BRELL in 2019

The Baltic states will test their planned desynchronization from the Russian-Belarussian power system (BRELL) next year, representatives of Augstsprieguma Tikls transmission operator told LETA.

12.07.2018

Lithuanians “Red Dot” winners for their electric charge station product design

Elinta Charge took home a major award at the “Red Dot: Product Design” awards in Essen, Germany on 9th July 2018 for its “CityCharge V2” electric vehicle charging station, which was designed and developed for public and commercial use, company representative informed BC.

11.07.2018

Warm, dry weather pushes electricity prices up in Baltics – Elektrum Lietuva

Warm and dry weather in the Baltic states pushed electricity prices up last week, independent producer Elektrum Lietuva says, informs LETA/BNS.

06.07.2018

EU Gas Import Infrastructure – why more is good for both suppliers and consumers – Part II

In my previous article (EU Gas Import Infrastructure – why more is good and why looking at annual utilisation figures alone is wrong) I explained why looking at annual utilisation figures was misleading when looking at usage of import infrastructure, and whether Europe needs more gas import infrastructure. In this article, I will explain why the argument that Europe already has enough import infrastructure is wrong from a market economics standpoint.

06.07.2018

EU Gas Import Infrastructure – why more is good and why looking at annual utilisation figures alone is wrong - Part I

Over the past year I have been surprised at the discussion regarding gas import infrastructure to the EU. Many have argued that Europe does not need more import pipelines. The arguments often take the following form: current pipelines are not full when looking at annual utilisation figures, and in any case there is plenty of spare LNG import capacity. Both arguments ignore gas market fundamentals, namely the difference between annual average demand and peak day demand on the one hand, and how competitive gas markets work on the other. Below I explain why.

05.07.2018

Court orders Orlen Lietuva to pay another EUR 2 mln to inventors

A court has ordered Orlen Lietuva, the Lithuanian unit of Poland's oil group Orlen, to pay a group of inventors another 1.983 million euros for the use of a piece of equipment they invented, reports LETA/BNS.

05.07.2018

Lithuania: Belarus' NPP shouldn't work until EC recommendations are met

Reactors at Belarus' Astravyets Nuclear Power Plant (NPP) should not come online until all recommendations by the European Commission's experts have been fulfilled and other safety questions raised by Lithuania have been answered, the Lithuanian State Nuclear Power Safety Inspectorate (VATESI) said on July 4th, informs LETA/BNS.

05.07.2018

Air quality indexes within the norm in all Latvian cities in 2017

According to Latvian Environment, Geology and Meteorology Center, air quality indexes were within the norm in all Latvian cities in 2017, the center's public relations officer Oskars Vizbulis told LETA.

04.07.2018

In May, industrial production output in Latvia dropped by 1.1%

Data compiled by the Central Statistical Bureau (CSB) show that, compared to May 2017, in May 2018 industrial production output (1) decreased by 1.1% (according to calendar adjusted data at constant prices). A drop was recorded in electricity and gas supply (of 16.4%), as the warm and dry weather provoked a decline in the production of electricity at hydropower stations and in gas supply to consumers. In turn, an increase in production output was recorded in manufacturing (of 2.9%), as well as in mining and quarrying (of 7.1%).

03.07.2018

The more gas pipelines the better for Europe

Over the last 10 years the European gas market has seen huge changes. Thanks to rules introduced by the EU, competition between gas suppliers and security of supply have improved enormously, benefitting European consumers.

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