|
|||
2018-11-14 17:22:31 CET 2018-11-14 17:22:54 CET REGULATED INFORMATION LITGRID - Interim informationLitgrid results for 9 months of 2018: preparation for SynchronisationThe demand for electricity kept growing, in its turn making burden for the end users smaller, raising congestion revenue from interconnections (47% more compared to the same period of the last year) will decrease the need for borrowing money to make the investment into preparation for Synchronisation with the Continental European grid – in October ENTSO-E accepted application of Baltic states to expand the Continental European grid into Baltic countries. Litgrid is implementing several projects for this connection, opening the door for integration of Lithuanian electricity network into European grid. In nine months of 2018, Litgrid volumes of electricity transmission via high-voltage networks for national needs amounted to 7 661 million kilowatt-hours (kWh), which is 4.1% more than in the same period of 2017. The volumes of transmission to customers of the electricity distribution operator amounted to 6 905 million kWh (+4,9 % compared to the same period of 2017). Income and costs Litgrid group Revenue from electricity transmission decreased by 3.3% (down to EUR 48.6 million) compared to the same period in 2017. Revenue from electricity transmission accounted for 35 % of the Group’s total revenue. The decrease in revenue has resulted from a 7.1% lower price cap for the transmission services, but the loss of revenue was compensated by increased demand of electricity. Costs of purchase of electricity and related services account for the major portion of the Group’s operating expenses: EUR 87.7 million or 64 % of total expenses. These costs increased by 47 % compared to the same period of 2017. This change was caused by increasing balancing (regulating) electricity and system service costs. Profit Investments Reliability of interconnections Jurga Eivaitė, Communications managers Litgrid AB phone. +370 613 19977 email: jurga.eivaite@litgrid.eu Attachment |
|||
|