The final electricity consumption in Lithuania totalled 10.47 kilowatt hours (or 10.47 terawatt hours, TWh) in 2016. 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. “The demand for electricity in Lithuania last year was the highest since 1992. Taking into account that industrial and domestic electricity is used more efficiently, the actual increase is even greater. Over the past few years the electricity demand of industrial and business sectors have been growing the most, whereas transport sector holds the biggest potential for growth. It could be used by changing diesel trains into electric ones as in most parts of Europe”, says Daivis Virbickas, CEO of Litgrid, the Lithuanian electricity transmission system operator, a CEEP member. [Tweet "Two thirds of electricity consumed in Lithuania was imported"]Two thirds of electricity consumed in Lithuania was imported. The majority (37%) was imported from Latvia, Estonia and Finland, 27% from Sweden via NordBalt link, 5% from Poland via LitPol Link, and the remaining part from third countries. “The economy is growing, and the efficiency of using the electricity transmission infrastructure is increasing. It is obvious that our investments in the grid are beneficial to users: the cross-border power links with Sweden and Lithuania – NordBalt and LitPol Link – brought down the wholesale electricity price by 13%. Scandinavian electricity is the cheapest in the region and it is no wonder that Sweden with its abundant hydro resources has become [...]
Two new international electricity interconnections, the LitPol Link and NordBalt, have placed Lithuania and the Baltic countries firmly back on the map of Europe’s electricity grid. A new energy victory, symbolically commemorated end of 2015. “Over the past five years, we’ve gained invaluable experience, while simultaneously implementing two strategic projects involving high technology, which is the first of its kind in the Lithuanian grid. We’ve accomplished the huge NordBalt and LitPol Link projects with like-minded partners in Poland and Sweden, and our unity and trust in each other is an example for all Europe: by co-operating with neighbours, we can create a single and sustainable energy market in the EU”, Daivis Virbickas, CEO and Board Chairman of Lithuanian electricity transmission system operator, Litgrid, declared. Lithuania is connected to Poland and Sweden, using high voltage direct currents. This technology is designed to connect asynchronous grids, transmit power over long distances with lower losses, and control electricity flows. [Tweet "Daivis Virbickas: LitPol Link and NordBalt have removed the last infrastructure barriers in the Baltic region"]According to Mr. Virbickas, LitPol Link and NordBalt have removed the last infrastructure barriers in the Baltic region, and now, all efforts are being aimed at new ambitious goals - single electricity market projects, and the synchronisation of the Baltic countries with the electricity system of Western Europe. The construction of both interconnections will be the single largest investment in the Lithuanian electricity system since the re-establishment of independence. By 2020, the demand for electricity in Lithuania, Latvia and Estonia will rise by 1.1% annually. As soon as the NordBalt and LitPol Link begin to be fully [...]
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