The Lithuanian Ministry of Energy says that it may run electric capacity auctions for reserve capacity for the Lithuanian electricity system starting in 2017.
Ministry of Energy
© DELFI / Tomas Vinickas

"The Energy Ministry is very seriously considering the option of running power reserve auctions. First, however, we want to gather information from market players, listen to their suggestions and assess the situation," Vice Minister Rokas Baliukovas said during a meeting with energy companies.

Energy producers will be asked to share information about their electricity production facilities and their condition. The companies would need to make sure that their facilities could be turned on within a 12-hour notice at any time.

However, the Ministry said it would first present suggestions on improving power reserve management after consulting with specialists and energy producers.

The announcement was made after a meeting with a range of Lithuanian energy companies and consumers including Lithuanian Energy, Vilnius heating network, Kaunas Heat and Power Plant, Panevėžys energy, Achema and Orlen Lithuania.

Prosecutors: Ambassador to Russia might have committed official misconduct

Lithuanian prosecutors have changed the status of the country's Ambassador to Russia Remigijus...

Police launches probe into journalist Cerniauskas' actions

Lithuania's police has launched a pre-trial investigation into the actions of journalist Sarunas...

Foreign Minister: due to Russia's violations of international law a crisis point in reached

On 16-17 May, the Minister of Foreign Affairs of Lithuania Linas Linkevičius attended a session...

Opposition say won't dance to Karbauskis' tune

Statements by Ramunas Karbauskis , leader of the Lithuanian Farmers and Greens Union (LFGU), about...

Grybauskaite to attend Ukrainian President’s inauguration

President Dalia Grybauskaitė is leaving for Kyiv on Monday, May 20, to attend the inauguration of...