HomeMediaLatest NewsLithuania will turn to the EU energy outskirt

Lithuania will turn to the EU energy outskirt

26 January 2021

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department
Тема: Energy

Sergey Kondratiev, Deputy Head of the Economic Department commented to the radio station "Sputnik Litva" on the possible problems with the supply of electricity to Lithuania.

The Baltic countries could play the role of an energy hub if they had not started to implement the plan to disconnect from BRELL, expert said.

Lithuania has reached its peak in electricity consumption - hourly consumption was the highest in 29 years. On Monday, the Lithuanian energy system recorded the highest peak in consumption since 1992. Continuing cold weather has increased the energy needs of the population and businesses.

In an interview with Radio Sputnik, Sergey Kondratiev, a senior expert at the Institute for Energy and Finance, said, that Lithuania needs to be prepared for price fluctuations in the liberalized market.

According to him, the Baltic republic needs to build its own generation and it should not only be renewable sources.

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department
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