News2022.05.23 09:47

Baltic states give up Russian electricity after Nord Pool suspends trade

BNS, LRT 2022.05.23 09:47

The Baltic states have now stopped importing electricity from Russia after Europe’s Nord Pool power exchange stopped trading in electricity from the neighbouring country.

"Not only is it an extremely important milestone for Lithuania in its journey towards energy independence, but it is also an expression of our solidarity with Ukraine. We must stop financing the Russian war machine," Lithuanian Energy Minister Dainius Kreivys said in a statement.

Lithuania's current power needs are met through local generation and imports via the existing interconnectors with Sweden, Poland, and Latvia.

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According to the minister, Lithuania will achieve full energy independence once it synchronises its electricity grid together with Estonia and Latvia with the rest of Europe by 2025. The three countries are currently connected to a Moscow-controlled BRELL grid, which also includes Belarus.

Last year, electricity imports from Russia accounted for 17 percent of Lithuania's total electricity imports and 16 percent of the country's total electricity consumption, according to Litgrid, Lithuania's power transmission system operator.

Meanwhile, power imports from Sweden, Poland and Latvia accounted for 83 percent of Lithuania's total electricity imports last year.

Commercial power flows with Belarus through Lithuania's existing interconnectors have also been suspended from early November 2020.

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