The e-power exchange operator Nord Pool has decided to suspend the trading of Russian electricity in the Inter RAO group of companies.
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Inter RAO is the only importer of electricity from Russia to the Baltic States.
From Sunday, May 22, Russian electricity will no longer be imported to Lithuania.
"The suspension of electricity trade with Russia will not affect the Lithuanian electricity transmission system and its reliability. The country's electricity needs will be met by local power plants and imports from strategic partners - European Union countries through the existing connections with Sweden, Poland and Latvia ", says Rokas Masiulis, General Manager of Litgrid, a Lithuanian electricity transmission system operator.
"The suspension of electricity trade with Russia will not affect the Lithuanian electricity transmission system and its reliability. The country's electricity needs will be met by local power plants and imports from strategic partners - European Union countries through the existing connections with Sweden, Poland and Latvia ", says Rokas Masiulis, General Manager of Litgrid.
R. Masiulis also points out that the markets of third countries are not linked to the European electricity market, and their offers do not shape prices in the Lithuanian trade zone, therefore the suspension of trade with Russia will not have a significant impact on electricity prices in Lithuania.
Imports of Russian electricity to Lithuania have been declining in recent years. 2021 electricity imports with Russia accounted for 17 percent. of Lithuania's total electricity imports and 16 percent. the country's total electricity consumption.
The main flows of electricity imported into Lithuania come from our partners - Sweden, Poland and Latvia. 2021 3.7 TWh were imported from Sweden, 5 TWh from Latvia and 0.85 TWh from Poland. Imports from these countries accounted for a total of 83%. of the country's total electricity
mports.
Lithuania has already taken action to reduce electricity imports from third countries.
In order to ensure the stability and reliable operation of transmission networks in 2022. March 3 A decision was made to reduce the amount of electricity imported from Russia to the Baltic States by 300 MW. Correspondingly, the import capacity of systematic Lithuanian-Russian connections has been reduced to 150 MW.
From 2020 November 3 commercial flows with Belarus via Lithuania's existing connections are also suspended. ■
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