Inter RAO Lietuva AB (IRL)

Overview

AB Inter RAO Lietuva is an energy company established in 2002 and headquartered in Vilnius, Lithuania. As a key player in the Baltic energy market, the company focuses on supplying electricity across Lithuania, Latvia, Estonia, and Russia. It operates as a subsidiary under RAO Nordic Oy, engaging in a broad spectrum of electricity trading, including bilateral contracts with other electricity suppliers and trading on power exchanges. AB Inter RAO Lietuva's activities extend to balancing services and cross-border electricity trading, showcasing its comprehensive involvement in the regional electricity market. The company also champions renewable energy through its wind farm operations in Western Lithuania, contributing to sustainable energy solutions.

Products and Services

• Electricity Trading

Engages in the purchase and sale of electricity through bilateral contracts and on power exchange platforms. This includes wholesale of electricity to other suppliers and trading activities on behalf of end-users, illustrating a flexible and comprehensive trading operation that caters to a broad market segment.

• Balancing Services

Offers balancing services for end-users and other wholesalers. This crucial service ensures the continuous stability of the electricity grid by matching supply with demand, thus maintaining the reliability of the electricity supply.

• Regulating and Balancing Electricity

Involves the sale and purchase of regulating and balancing electricity on behalf of transmission system operators. This service is essential for the operation of a stable and efficient electrical grid, allowing for adjustments to fluctuations in electricity production and consumption.

• Cross-Border Electricity Trading

Facilitates the trade of electricity across borders, enabling the company to leverage opportunities in different markets and contribute to energy integration in the Baltic region. This activity underscores the company’s role in enhancing regional energy security and market efficiency.

• Wind Energy Generation and Supply

Generates and supplies wind energy through its operations of a wind farm in Western Lithuania. This segment of the company’s operation emphasizes its commitment to renewable energy sources and the reduction of carbon footprints, aligning with global sustainability goals.

• Electricity Supply to End Users

Directly supplies electricity to end users, catering to the needs of both residential and commercial customers. This service ensures that consumers have access to reliable and continuous electricity, highlighting the company's customer-centered approach.

• Export Activities

Engages in the export of electricity, further expanding its market reach beyond the Baltic region. This activity not only diversifies the company's revenue streams but also contributes to the larger goal of energy interconnectivity and cooperation among European countries.