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As reported, from Sunday electricity imports suspended from Russia to the Baltic States and Finland. According to AST, trade has stalled in Russia-Latvia, Kaliningrad–Lithuania and RussianFinland borders through which commercial imports of Russian electricity have taken place so far.
“This means that Russian electricity no longer enters not only the Baltic States, but also the entire European electricity market. The cessation of Russian electricity imports has not affected the parallel synchronous operation of the Baltic power system with the Russian power system – the Baltic power systems are still technically connected to the Russian power system,” explains AST. Member of the Board Gatis Junghāns.
The Latvian company of the Russian energy company Inter RAO has informed AST in Latvia that it is interrupting the supply of electricity from Russia due to the fact that the power exchange Nord Pool has suspended the trading of the companies of the Inter RAO group due to settlement risks.
The suspension of imports will not affect the security of electricity supply in the Baltics, as the Baltic electricity import capacity from Russia has been limited to 300 megawatts (MW) since March 3, with a separate limit of 150 MW on the Russian-Latvian border and 150 MW on the Kaliningrad-Lithuanian border.
Transmission system operators of the Baltic States – Latvian JSC Augstsprieguma tīkls, Lithuanian Litgrid AB and Of Estonia Restrictions were imposed on Elering AS in order to reduce the potential risk of negative impact on the reliability and stability of the Baltic electricity transmission systems.
However, since the beginning of May, electricity imports from Russia to Latvia have not actually taken place.
In recent years, the amount of electricity imported from Russia into the Baltics has decreased and is no longer critical for the Baltic electricity supply. In 2021, Russian electricity imports to the Baltics accounted for 16% of Baltic consumption, while by 2022, the amount of electricity imported from Russia was only 10% of Baltic consumption.
Russian electricity can be replaced by supplies from European, including Baltic electricity producers.
As explained by AST, the Baltic electricity transmission system operators have taken significant steps in recent years to integrate the Baltic States into the European electricity system. The Baltic power system currently has four interconnections with European power systems with a total installed capacity of 2,200 MW, which corresponds to half of the maximum electricity consumption capacity in the Baltics in winter.
In addition to the construction of interconnection infrastructure, transmission system operators have integrated the Baltic electricity market into the single European electricity exchange system, thus ensuring access to the huge European electricity market.
The Baltic power system is still connected to the unified Russian power system with ten 330 kilovolt power transmission lines. The suspension of Russian electricity imports does not affect the parallel operation of the Baltic power system with the Russian power system.
Parallel work for the energy systems of all participating countries ensures the technical transit flows and balancing of electricity required for the operation of the system.
Baltic States and Poland Electricity transmission system operators are currently continuing to implement a set of projects to prepare for the disconnection of the Baltic power systems from the Russian power system and for permanent synchronization with the Continental European power system in 2025.
Last year, the audited turnover of the High Voltage Network was reported to be 125.787 million euros, which is 14.3% less than in 2020, but the company’s profit increased several times to 54.846 million euros. The revenue of the High Voltage Network Group last year was 182.226 million euros, which is 26.2% more than in 2020, but the group’s profit decreased 6.5 times and amounted to 10.097 million euros, according to the company’s published information.
“Augstsprieguma tīkls” is an independent Latvian electricity transmission system operator that ensures the security of electricity transmission network operations and supply of the Latvian electricity system, provides transmission system services based on published transmission service tariffs, performs operational management of the transmission system and ensures safe, stable electricity transmission transmission system.
The “high voltage network” is state-owned. The bonds of the High Voltage Network are listed on the Nasdag Riga Debt Securities List.