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NATIONAL CONTROL COMMISSION FOR PRICES AND ENERGY

NATIONAL CONTROL COMMISSION FOR PRICES AND ENERGY. UPDATES ON THE LATEST DEVELOPMENTS IN LITHUANIA. 2009-04-24 Riga. LEGISLATION. Amendments of Law on Electricity in March: RAB principles with the Government approval Rate of Return - not more than 5% Unilateral setting of tariffs

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NATIONAL CONTROL COMMISSION FOR PRICES AND ENERGY

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  1. NATIONAL CONTROL COMMISSION FOR PRICES AND ENERGY UPDATES ON THE LATEST DEVELOPMENTS IN LITHUANIA 2009-04-24 Riga

  2. LEGISLATION • Amendments of Law on Electricity in March: • RAB principles with the Government approval • Rate of Return - not more than 5% • Unilateral setting of tariffs • Preparation for changes of the Methodology National Control Commission for Prices and Energy, LITHUANIA

  3. OTHER REGULATORY DOCUMENTS UNDER PREPARATION • Rules on the investments effectiveness • CHPP: electricity and heat cost separation • Reduction of connection charges by actual costs National Control Commission for Prices and Energy, LITHUANIA

  4. - LEO LT, AB since 20/05/2008 (61.7 % - State owned, 38.3% - NDX Energija) Ignalina NPP Lietuvos PP Vilniaus CHPP Other generators GENERATION TRANSMISSION TSO AB Lietuvos energija Market operator Kruonio HPSPP Kauno HPP DISTRIBUTION/ SUPPLY AB „VST”/Public Supplier AB Rytų skirstomieji tinklai/Public Supplier Local DSOs Independent Suppliers CONSUMPTION Export Regulated customers Eligible customers ELECTRICITY SECTOR AFTER 2008-05-20 Note: National Control Commission for Prices and Energy, LITHUANIA

  5. LEO LT, AB • LEO LT, AB, as the national investor, comprises transmission and 2 distribution companies • Created to implement strategic goals: • - to build the new nuclear power plant (max capacity 3200 MW) • - interconnections with Poland (1000 MW)and Sweden (700 MW) • - prepare to connect to the UCTE • The international partners may participate in the projects National Control Commission for Prices and Energy, LITHUANIA

  6. AUCTION PRICE SINCE 2004 National Control Commission for Prices and Energy, LITHUANIA

  7. ELECTRICITY GENERATION PRICE National Control Commission for Prices and Energy, LITHUANIA

  8. NETWORK INVESTMENTS IN 2000-2008 National Control Commission for Prices and Energy, LITHUANIA

  9. ELECTRICITY MARKET IN 2008 • 13% real market opening – 1.3 TWh • 20 Independent Suppliers, 6 – active • 64% - contracted energy, 24% - energy at auction and 12% - PSO • Installed capacity is 2.6 times higher than the national peak demand • About 70% of electricity is produced in the nuclear power plant (till 2010) • System reserve costs are very high due to the big unit in the nuclear power plant National Control Commission for Prices and Energy, LITHUANIA

  10. ELECTRICITY MARKET FROM 2010: CURRENT ISSUES • Closure of Ignalina NPP • possibilities for the effective electricity market? • Creation of effective competition • 50% energy purchase without end-user prices • Combined transmission and distribution price • Change in PSO structure • Implementation of NordPool Spot AS principles • Single Baltic Electricity Market till 2013 • Integration into the Nordic market till 2015 National Control Commission for Prices and Energy, LITHUANIA

  11. THANK YOU FOR YOUR ATTENTION www.regula.lt Valstybinė kainų ir energetikos kontrolės komisija

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