Latvia’s National Alliance has proposed merging three ministries into a new Ministry of National Economy, LETA reports. Under the proposal, the new ministry would take over the functions of the current Ministry of Economics, Ministry of Climate and Energy, and Ministry of Smart Administration and Regional Development. Energy Minister Janis Vitenbergs of the National Alliance…
Lithuanian President Gitanas Nauseda has proposed a draft law that would allow the government to set maximum consumer prices on petrol and diesel fuel by decree, ELTA reports. Under the law, the Energy Ministry would calculate and proclaim the daily fuel price cap under a specific formula. Retailers failing to comply with the price cap…
China remains a threat to the security of Lithuania’s energy system, Lithuanian Energy Minister Zygimantas Vaiciunas stated, BNS reports. Speaking in an interview with Ziniu Radijas, Vaiciunas assured that Chinese-made components, — specifically inverters, converters, and other elements, — would not be used in Lithuanian energy facilities. He said that the Energy Ministry had consulted…
The Lithuanian government has approved the Energy Ministry’s proposal to assess the potential for developing nuclear energy capacity in the country, BNS reports. The ministry will set up a special working group to assess the possible establishment of small modular nuclear reactors with a capacity of 1.5 GW. Lithuania’s electricity demand is estimated to reach…
The Lithuanian government may change the terms of a tender for the right to build a second 700 MW offshore wind farm in the Baltic Sea, Energy Minister Zygimantas Vaiciunas announced, Baltic News Network reports. Speaking in an interview with Ziniu Radijas, Vaiciunas said that the Energy Ministry was looking for solutions to ensure the…
The Latvian government has decided to pay compensation to low-income households for rapid rises in energy prices, LSM reports. The permanent support mechanism will apply to exceptional price increases for electricity, heating, and biomass fuels. Households with per capita income of up to EUR 473 per month and housing expenditure of at least 30% of…
The Baltic power transmission system operators (TSO) will notify Russia and Belarus about their decision to withdraw from the so-called BRELL agreement and the Moscow-controlled IPS/UPS transmission system in the coming weeks, Lithuania’s Ministry of Energy announced, BNS reports. The Baltic TSOs are fully ready to synchronise their power grids with the continental European system…
The Latvian government has approved a draft transport energy bill that obliges fuel suppliers to increase the share of renewable energy in their energy portfolio, LETA reports. The bill may lead to a rise in fuel prices, according to a survey of fuel traders. The Ministry of Climate and Energy notes that the transport sector…
Lithuania’s Supreme Court has rejected an appeal of French energy group Veolia and its Lithuanian partners against an unfavourable court ruling in their dispute with the Energy Ministry, Baltic News Network reports. Earlier, the Court of Appeal upheld a lower court decision to accept the ministry’s lawsuit for examination. Veolia and its partners, Vilniaus Energija…
