Electricity Trade Between Baltics and Europe Has Doubled in Past 4 Years - Augstsprieguma Tikls

RIGA, March 6 (LETA) - Electricity trade between the Baltics and Europe has doubled during the past four years, according to information released by Augstsprieguma Tikls transmission system operator.

"The steep rise in cross-country trade has been achieved by investing in the Baltic transmission network's infrastructure, boosting the efficiency of the transmission network's operation and enhancing the electricity wholesale model. Cross-country trade has been toughening competition between electricity producers in the wider region," said Augstsprieguma Tikls board member Gatis Junghans, adding that in the next five years the capacity of cross-country trade is expected to grow in the Baltics, as well as between the Baltic and European energy markets.

To ensure the Baltic states' integration with the European energy system, the Baltic transmission system operators Latvia's Augstsprieguma Tikls, Estonia's Elering and Lithuania's Litgrid have been consistently implementing integration projects during the past decade.

Representatives of Augstsprieguma Tikls noted that last year the capacity of Baltic power transmission inter-connections with Europe was 2,200...