Despite all the efforts to integrate Europe into one single market, divisions between national markets persist - of cultural nature at least. It is hardly surprising that when Lithuanian entrepreneurs find themselves doing business in a foreign land, they seek help of their compatriots.
Latvia’s plans may affect electricity price in Lithuania
Riga’s plans to use only one of three transmission lines interconnecting Latvia and Estonia for commercial trade may weaken competitive environment in Lithuania and trigger an increase in electricity price on Lithuania’s market from 2014, Verslo Žinios business daily reports.
Lithuania’s politicians have nearly six months to intervene as the third party in the dispute between Estonia’s and Latvia’s commercial energy companies and system operators. Otherwise the price of electricity in the Lithuanian bidding area of Nord Pool Spot exchange might increase for all users starting from 2014, as Latvia’s electricity system operator Augstsprieguma Tikis seeks to further limit the commercial function of limited-capacity electricity interconnections between Latvia and Estonia.
Lithuania’s politicians seem to be in no haste to add the Latvian-Estonian interconnection bottleneck problem to their agenda. Meanwhile, the tension between Estonia’s and Latvia’s electricity transmission system operators is growing further.
However, Inter RAO Lietuva, Lithuania’s largest electricity supplier controlled by Russia’s energy giant Inter RAO, does not seem to be much concerned about the bottleneck problem between Estonia and Latvia since it buys the bulk of Russian electricity from a gas-fired power plant in the Kaliningrad region. Moreover, the capacity of the lines connecting Lithuania with the Kaliningrad region and Belarus “is more than sufficient”.
Naujienų agentūros BNS informaciją atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB „BNS“ sutikimo draudžiama.