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Nasdaq Commodities has welcomed Lietuvos Energijos Gamyba, the national electricity generation company which combines all electricity generation capacities controlled by the state of Lithuania, as a new market maker for the Latvian Electricity Price Area Differential, EPAD RIGA, contracts.
Lithuania's power generation company becomes market maker
© DELFI / Kiril Čachovskij

"We believe that by becoming a market maker we can increase liquidity and transparency of the market allowing other traders to execute their sale and purchase orders at market prices. We take it as an opportunity to further develop and improve the electricity market in Lithuania and Latvia that will benefit every electricity trader - including those who are only starting to consider involvement in the Lithuanian and Latvian markets. The new financial instrument will promote competition and improve electricity price offers for all market participants, including households in Lithuania and Latvia," Juozas Bartlingas, CEO of Lietuvos Energijos Gamyba, said.

Welcoming the company as a market kaker for EPAD RIGA, Georg Aasen, vice president of Nasdaq Commodities, said: "We are very pleased to welcome Lietuvos Energijos Gamyba as a new market maker. This is part of a strategically interesting expansion for us and will contribute to strengthen our position as the most liquid and efficient power market in Europe."

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