UAB INTER RAO Lietuva sale of electricity in 2011 decreased in Lithuania, grew in Latvia and Estonia
In 2011 the quantity of electricity sale in the Baltic States of UAB INTER RAO Lietuva, engaged in electrical power trade, being the authorized representative of Russian energy company INTER RAO JES for the Baltic States, reached 8 TWh. This is by 50% more than in 2010, when the company sold 5.4 TWh of electrical power in the Baltic States.
The realized quantity of electrical power in Lithuania reached 6.2 TWh, from which about 2 TWh consisted of internal trade in electricity market, in Latvia – 1.5 TWh, and in Estonia – 0.2 TWh. The largest quantity of electricity was purchased from Russia – around 5.5 TWh and in Lithuanian market – around 2.2 TWh. The remaining quantity was acquired in Latvia, Belarus and Estonia. The electrical power was realized in the Baltic States according to the direct bilateral contracts with the clients and in the markets UAB Baltpool and Nord Pool Spot in Estonian price zone.
“The main influence to jump in sales was from the trade, which was started in the beginning of the year in Scandinavian trade market Nord Pool Spot in Estonian price zone and the growth in sales rates in Latvia. Our company has extensive experience of activity in NordPoolSpot market, moreover, we can offer a competitive price and reliable supply”, says UAB INTER RAO Lietuva Commercial Director Vidas Čebatariūnas.
The nearest plans of UAB INTER RAO Lietuva are related to development of retail electrical power trade and investments to renewable energy in the Baltic States, Poland and Scandinavia.
About UAB INTER RAO Lietuva
UAB INTER RAO Lietuva is an independent electrical power supplier. The company acquired this status in 2002, when a new Law on Energy came into force in Lithuania and liberalized electrical power market, legalized independent suppliers and other participants of the open market. Lithuanian investment company UAB Scaent Baltic owns 49% of shares of INTER RAO Lietuva. The remaining 51% of shares is owned by subsidiary company of the Russian Inter RAO JES in Finland RAO Nordic OY. Since October 2009 UAB INTER RAO Lietuva is the authorized representative of Inter RAO JES for the Baltic States.