Ms Lina Skrabutenaite - Konkurentsiamet

Development of electricity market in
Lithuania 2010
Lina Skrabutėnaitė
Baltpool UAB
Kuressaare
2010 06 04

LITHUANIAN ELECTRICITY MARKET
Main changes from beginning of 2010...
• Ignalina Nuclear Power Plant is closed:
• Lithuania being exporting country now becomes importer.
• Following EU Directives, AB Lietuvos Energija was restructured by
separating TSO and Market Operator activities into separate companies.
• Regulated tariffs are removed for large consumers, around 35% of
Lithuania’s consumption.
• Start up of Power Exchange from January 1, 2010.

GRADUAL REMOVAL OF REGULATED
TARRIFS
• From January 1 st 2010 regulated tariffs are not applicable for customers ,
that constitute 35 % country demand; (Customers with allowed capacity of
400 kV must chose independent suppier)
• From January 1 st 2011 – 45 %;
• From January 1 st 2012 – 55 %;
• From January 1 st 2013 – regulated tariffs will be applicable only for retail
(domestic) customers ;
• Starting from year 2015, January 1 st , only non regulated tariffs will be
applied for all customers.

ELECTRICITY MARKET IN LITHUANIA
Market Operator
BALTPOOL UAB
TSO
LITGRID UAB
Bilateral
contracts
Power Exchange
Regulation
Market
Balancing Market
Electricity trading
4

BALTPOOL MISION
In a free energy market we
create value to the society,
insuring reliable, transparent
equal trading process, being
trusted market place.
5

MARKET OPERATOR IN LITHUANIA
• Organizing of physical trade in electricity;
• Registration and monitoring of settlement guarantees for trading;
• Registration and trainings for market participants;
• Settlements among market participants for trading in PEX;
• Settlements for forward contracts;
• Registration and tracking of OTC bilateral contracts;
• Reporting to local regulator, Ministry of Energy, other stakeholders.
6

Turnover, MWh
TRADING TENDENCY, MWh
January February March
April
Days
7

Turnover
TRADE TENDENCY, MLN. LT
January February March April
Days
8

Price, LT/MWh
PRICE IN LITHUANIAN PEX
January February March April
-Average price in PEX (IQ) was - 136,2 LT/MWh
Day
9

ELECTRICITY DEMAND
(LITHUANIA’S ELECTRICITY DEMANAD ON JANUARY – APRIL : 3.684.686 MWh, THE TURNOVER
OF PEX IN LITHUANIA - 2.225.115 MWh)

MAIN FUTURE DEVELOPMENT TOPICS
• New web page
• Urgent market messages (UMM)
• Tool for customers to reach independent suppliers
• Cooperation with NASDAQ OMX
• Joint work with regulator
11

TOWARDS COMMON EU ELECTRICITY
MARKET

AMBITIOUS PLANS FOR INTEGRATION
(BEMIP CONTEXT)
2009
• Izolated markets of Baltic
States
• No common principles
organized electricity market
2011
• Creation of Common Baltic Electricity
market – organizing electricity trading based
on Nordic countries principles, removing of
barriers and regulated tariffs
Estlink I
Estlink II
Common Nordic-Baltic
electricity market
Estlink I
Common Baltic
electricity market
Swedish-
Baltic link
Polish PX
Gielda Energii
LitPol
link
Polish PX
Gielda Energii
Estlink I
Polish PX
Gielda Energii
2015
• Baltic electricity market integrated with
Nordic and Continental Europe electricity
markets
• Implementation of new interconnection
projects

Information available: www.baltpool.lt
THANK YOU FOR ATTENTION
QUESTIONS?