Baltics give up Russian electricity after Nord Pool suspends trade

Published date23 May 2022
Publication titleLETA

VILNIUS, May 23 (LETA--BNS) As the Nord Pool power exchange decided to stop trading in Russian electricity from its only importer in the Baltic states, Inter RAO, last Friday, it means Lithuania and the other Baltic states completely gave up Russian electricity as of Sunday, Lithuania's Energy Ministry said.

Lithuania's power needs are now met trough local generation and imports via the existing interconnections with Sweden, Poland and Latvia.

"Not only it is 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 Russian war machine," Lithuanian Energy Minister Dainius Kreivys said in a statement.

Lithuania will achieve full energy independence when it successfully implements the synchronization project, meets its electricity needs through local green energy production and becomes an electricity exporter, the minister added.

Rokas Masiulis, CEO at Litgrid, Lithuania's power transmission system operator, also points out that third country...

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