Ms Lina Skrabutenaite - Konkurentsiamet
Ms Lina Skrabutenaite - Konkurentsiamet
Ms Lina Skrabutenaite - Konkurentsiamet
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Development of electricity market in<br />
Lithuania 2010<br />
<strong>Lina</strong> Skrabutėnaitė<br />
Baltpool UAB<br />
Kuressaare<br />
2010 06 04
LITHUANIAN ELECTRICITY MARKET<br />
Main changes from beginning of 2010...<br />
• Ignalina Nuclear Power Plant is closed:<br />
• Lithuania being exporting country now becomes importer.<br />
• Following EU Directives, AB Lietuvos Energija was restructured by<br />
separating TSO and Market Operator activities into separate companies.<br />
• Regulated tariffs are removed for large consumers, around 35% of<br />
Lithuania’s consumption.<br />
• Start up of Power Exchange from January 1, 2010.
GRADUAL REMOVAL OF REGULATED<br />
TARRIFS<br />
• From January 1 st 2010 regulated tariffs are not applicable for customers ,<br />
that constitute 35 % country demand; (Customers with allowed capacity of<br />
400 kV must chose independent suppier)<br />
• From January 1 st 2011 – 45 %;<br />
• From January 1 st 2012 – 55 %;<br />
• From January 1 st 2013 – regulated tariffs will be applicable only for retail<br />
(domestic) customers ;<br />
• Starting from year 2015, January 1 st , only non regulated tariffs will be<br />
applied for all customers.
ELECTRICITY MARKET IN LITHUANIA<br />
Market Operator<br />
BALTPOOL UAB<br />
TSO<br />
LITGRID UAB<br />
Bilateral<br />
contracts<br />
Power Exchange<br />
Regulation<br />
Market<br />
Balancing Market<br />
Electricity trading<br />
4
BALTPOOL MISION<br />
In a free energy market we<br />
create value to the society,<br />
insuring reliable, transparent<br />
equal trading process, being<br />
trusted market place.<br />
5
MARKET OPERATOR IN LITHUANIA<br />
• Organizing of physical trade in electricity;<br />
• Registration and monitoring of settlement guarantees for trading;<br />
• Registration and trainings for market participants;<br />
• Settlements among market participants for trading in PEX;<br />
• Settlements for forward contracts;<br />
• Registration and tracking of OTC bilateral contracts;<br />
• Reporting to local regulator, Ministry of Energy, other stakeholders.<br />
6
Turnover, MWh<br />
TRADING TENDENCY, MWh<br />
January February March<br />
April<br />
Days<br />
7
Turnover<br />
TRADE TENDENCY, MLN. LT<br />
January February March April<br />
Days<br />
8
Price, LT/MWh<br />
PRICE IN LITHUANIAN PEX<br />
January February March April<br />
-Average price in PEX (IQ) was - 136,2 LT/MWh<br />
Day<br />
9
ELECTRICITY DEMAND<br />
(LITHUANIA’S ELECTRICITY DEMANAD ON JANUARY – APRIL : 3.684.686 MWh, THE TURNOVER<br />
OF PEX IN LITHUANIA - 2.225.115 MWh)
MAIN FUTURE DEVELOPMENT TOPICS<br />
• New web page<br />
• Urgent market messages (UMM)<br />
• Tool for customers to reach independent suppliers<br />
• Cooperation with NASDAQ OMX<br />
• Joint work with regulator<br />
11
TOWARDS COMMON EU ELECTRICITY<br />
MARKET
AMBITIOUS PLANS FOR INTEGRATION<br />
(BEMIP CONTEXT)<br />
2009<br />
• Izolated markets of Baltic<br />
States<br />
• No common principles<br />
organized electricity market<br />
2011<br />
• Creation of Common Baltic Electricity<br />
market – organizing electricity trading based<br />
on Nordic countries principles, removing of<br />
barriers and regulated tariffs<br />
Estlink I<br />
Estlink II<br />
Common Nordic-Baltic<br />
electricity market<br />
Estlink I<br />
Common Baltic<br />
electricity market<br />
Swedish-<br />
Baltic link<br />
Polish PX<br />
Gielda Energii<br />
LitPol<br />
link<br />
Polish PX<br />
Gielda Energii<br />
Estlink I<br />
Polish PX<br />
Gielda Energii<br />
2015<br />
• Baltic electricity market integrated with<br />
Nordic and Continental Europe electricity<br />
markets<br />
• Implementation of new interconnection<br />
projects
Information available: www.baltpool.lt<br />
THANK YOU FOR ATTENTION<br />
QUESTIONS?