Posts tagged as electricity

Eesti Energia merges mines, electricity generation into one company

Wednesday, October 7, 2020

Eesti Energia’s production in Ida-Viru County will merge into a new company called Enefit Power from 2021. The Estonia underground mine, Narva quarry and the company’s electricity and liquid fuel production will be joined under one roof. Enefit Kaevandused and Enefit Energiatootmine will merge to become Enefit Power. The new company will focus on making energy production cleaner and more efficient and become the center of the circular economy. Member of…

Baltic ministers and EU commissioner discuss electricity trade

Thursday, July 9, 2020

The Baltic ministers in charge of energy and EU Commissioner for Energy Kadri Simson discussed electricity trade with third countries in Brussels on Tuesday as Lithuania continues efforts to convince its neighbors to joint its boycott of electricity from Belarus’ Astravyets nuclear power plant. “A discussion with the commissioner took place. The negotiations are ongoing and consensus on trade with third countries is being sought,” Aurelija Vernickaite, an advisor to…

Negative wholesale electricity price in Latvia for the first time

Monday, July 6, 2020

For the first time in history, a negative wholesale electricity price has been observed in Latvia – on July 6 of this year from 5 to 6 a.m., the price of electricity on the Nord Pool exchange in the Latvian price area was minus €0.09 per megawatt hour (MWh), the public service regulation commission (SPRK) told news agency LETA on  July 6. The Commission said that a gradual decrease in…

Minister: without electricity from third countries prices would rise

Monday, June 22, 2020

If Latvia did not take electricity from third countries, electricity prices could rise by 15%, Economics Minister Janis Vitenbergs (KPV LV) told Latvian Television on June 21. The Baltic States are still unable to agree on the attitude towards the Astravyets nuclear plant built in Belarus. It is located only around 50 kilometres from the Lithuanian capital Vilnius. Lithuania considers it dangerous, calls for it to be boycotted and not…

Lithuanian MPs protest outside Latvian embassy, calling to join Belarusian electricity embargo

Wednesday, June 10, 2020

Several Lithuanian MPs protested outside the Latvian embassy in Vilnius on Tuesday, urging the country to back a joint Baltic boycott of Belarusian nuclear electricity. Lithuania has long called for a joint boycott of Belarusian electricity imports once the Astravyets nuclear plant becomes operational later this year. Lithuanian officials say the plant some 50 kilometres from Vilnius is unsafe and is a tool for the Kremlin to apply pressure on…

Estonia will not buy electricity from Russia, president says

Friday, May 8, 2020

Estonia does not intend to buy electricity directly from Russia and will seek consensus among EU member states for a pollution tax on Russian electricity entering the single market, according to President Kersti Kaljulaid. “What concerns energy, Estonia is not buying electricity from Russia through any of our nine connections to Russia,” the Estonian president told BNS in an interview. “Estonia is buying electricity from Nord Pool. And we know…

Lithuania seeks to restrict electricity imports from the Astravyets nuclear power plant

Wednesday, January 8, 2020

As Lithuania seeks to restrict electricity imports from he Astravyets nuclear power plant under construction in Belarus, the Kaunas University of Technology will carry out a study for 54,450 euros, including VAT, on technological ways to do so. Lithuania’s power transmission system operator Litgrid and the university signed the six-month contract on Dec 30, based on information from the central public procurement website. “The aim of this study is to analyze all…

Storm slowing but 33,000 households still without power in Estonia

Thursday, December 19, 2019

The Rescue Board said as of 10 p.m. on Wednesday night the storm which swept across Estonia earlier in the day is dying down and at 11 p.m. network operator Elektrilevi told ERR 33,015 households were still without electricity. Elektrilevi, the largest electricity network operator in Estonia, said as of 10 p.m. 36,200 were still without electricity, power having been restored to several thousand people already on Wednesday evening. The…

Electricity prices rose in all three Baltic countries

Tuesday, November 12, 2019

Wholesale electricity prices rose in all three Baltic countries last week, but Lithuania registered the lowest price in the region. Week-on-week, the average electricity price rose by 7% in both Lithuania and Estonia, to 48.21 euros and 49.49 euros per megawatt-hour (MWh), respectively, and went up by 6% to 48.64 euros in Latvia, the independent electricity supplier said in a press release. Across the Nord Pool power exchange, the average…

Wholesale electricity prices fall across Baltics w/w – Elektrum Lietuva

Wednesday, October 9, 2019

Wholesale electricity prices declined across the Baltic region last week, with the lowest price registered in Lithuania, Elektrum Lietuva said on Tuesday. Week-on-week, the average electricity price in both Lithuania and Latvia fell by 17 percent, to EUR 45.9 and EUR 46.1 per megawatt-hour (MWh), respectively, and moved down by 19 percent to EUR 45.7 in Estonia. The independent electricity supplier said the prices were mostly driven down by increased…