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."

Elta EN
It is forbidden to copy the text of this publication without a written permission from ELTA.
|Populiariausi straipsniai ir video

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

Avalanche of ideas developed in 'Hack the Crisis' hackathon

One of the most important tasks for hackathon organizers was to identify the most pressing issues,...

Lithuania and some other EU countries ask for Mobility Package postponement

Lithuania and "like-minded" EU member states are urging the bloc's bodies to postpone the...

Oro Navigacija sees further 50 pct drop in workload after Russia halts flights

The chief executive officer of Lithuania's state-owned air navigation service provider Oro...

Intersurgical to produce 1 million respirators for medics

Intersurgical, a Lithuanian designer, manufacturer and supplier of a wide range of high quality...

Top news

8th death in Lituania due to coronavirus

On Tuesday it was announced about another death of a patient with the novel coronavirus .

Coronavirus pandemic: 537 cases in Lithuania

On Tuesday, 30th March, 46 new COVID-19 cases were confirmed in Lithuania. In total there were 537...

The Roop gets place in final in next year Eurovision selection

Lithuania will hold a national Eurovision selection next year, and this year's winner The Roop, a...

27 severe coronavirus cases in country

Lithuania currently has 27 severe COVID-19 cases and the coronavirus outbreak has not yet peaked,...

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

|Maža didelių žinių kaina