03.06.2022 - Economy, Ukraine

Baltic states will not buy electricity from Russia

The Baltic Transmission System Operators (TSOs) - Estonian "Elering", Latvian AS "Augstsprieguma tīkls" (AST) and Lithuanian "Litgrid" have agreed to no longer purchase Russian energy, AST said June 2.

To reduce dependence on the Russian energy system, from June 1 the balance of consumption and generation in the Baltics will be ensured mainly with the balancing capacities available in the Baltic, Nordic and Polish markets.

"In view of the growing difficulties for Inter RAO companies to settle with banks, as well as the fact that due to financial risks Nord Pool has suspended cooperation with Inter RAO, Baltic TSOs have agreed to stop purchasing balancing electricity from Inter RAO from June 1st to rule out the need to make payments to a Russian company," said Gatis Junghāns, a board member of AST.

The Baltic power system will continue to operate synchronously with the Russian interconnected power system until the synchronization of the Baltic power system with the continental European power system in 2025. 

Source: eng.lsm.lv

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