Such a decision was taken by the Lithuanian transmission system operator “Litgrid” on behalf of the Ministry of Energy, the ministry reported on Friday.
Energy Minister Dainius Kreivys says that the NordBalt cable is currently very important for importing Scandinavian electricity from Sweden, so it would temporarily reduce the volume of imports and have a negative impact on the high market price as well.
“Seeing the Nord Pool electricity exchange and high prices, the largest possible market integration and the possibility of importing electricity from Scandinavia,” said D. Kreivys.
Litgrid CEO Rokas Masiulis says that the NordBalt maintenance work planned this month will also be convenient for late autumn, as the condition of the connection allows it.
“Currently, the highest priority is given to market integration and the possibility of importing cheaper electricity,” said R. Masiulis.
On Thursday, Litgrid informed the NordPool Spot electricity exchange that the work planned for August 29-September 4 is postponed until November 7-13.
In October 2021, Litgrid announced the expected repair of NordBalt in August-September this year.
The new repair date was urgently coordinated by Litgrid with its partners, the Swedish electricity transmission network operator Svenska Kraftnaft, at the behest of the ministry, according to the ministry.
Normally, technical maintenance of NordBalt is carried out every year in Sweden and Lithuania at the same time according to a pre-prepared plan. When the works start, the transmission of electricity through the connections is completely stopped for several days and trade does not take place.
In January-July of this year, the import from NordBalt was 2.87 TWh and accounted for 42 percent. of all Lithuanian imports. Last year, NordBalt’s total availability reached 97.3 percent.
550 million The NordBalt project, worth EUR 100 million, was implemented by Litgrid and Sweden’s Svenska kraftnat. The 700 MW, 450-kilometer-long electrical connection began operating in February 2016.