Litgrid AB (LGD1L)

Overview

Litgrid AB is a renowned entity in the domain of electricity transmission and related services, making its mark across various countries including Lithuania, Estonia, Sweden, Poland, Latvia, Norway, and internationally. Established in 2010 and headquartered in Vilnius, Lithuania, the company has broadened its horizons beyond national boundaries, playing a pivotal role in the energy sector. Initially known as LITGRID turtas AB, it underwent a rebranding to Litgrid AB in March 2011, reflecting its expanded vision and capabilities. As a subsidiary of EPSO-G UAB, Litgrid AB plays a critical role in maintaining the stability and efficiency of the electrical grid, serving a wide range of clients from electricity transmission network users to electricity producers and suppliers.

Products and Services

• Trading in Balancing, Regulating, and Reserving Power

  Litgrid AB engages in the trading of balancing, regulating, and reserving power to ensure the stability and reliability of the electrical grid. This crucial service aids in matching electricity supply with demand, preventing potential disruptions in the power network.

• Grid Services to Third Parties

  Offering grid services to third parties, the company facilitates access to its infrastructure for various stakeholders within the energy sector. This includes the provision of maintenance, operation, and technical support services to ensure efficient grid functionality.

• Systems Balancing

  Systems balancing is a key offering from Litgrid AB, where it manages the equilibrium of the power system by balancing production and consumption across the grid. This service is vital for the seamless operation of the electricity market and the prevention of power outages.

• Public Interest Services

  The company undertakes public interest services, which are aimed at supporting the broader needs of society and the economy. These services ensure that the energy sector contributes to sustainable development and meets regulatory requirements.

• Provision of Certificates of Origin

  Litgrid AB provides certificates of origin, which are essential for validating the source of electricity, particularly in the context of renewable energy sources. This service promotes transparency and encourages the adoption of green energy by verifying and certifying its origin.

• Connection to the Transmission Grid

  Facilitating connection to the transmission grid is another important service offered by Litgrid AB. It ensures that new producers, suppliers, and network users can integrate smoothly into the existing grid, thereby supporting the expansion and diversification of the energy market.