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Published: 12/14/2017. Updated:

NCC agreed on LITGRID AB Standard Balancing Electricity Purchase-Sell Agreement


NCC  in order to ensure unfirom and non-discrimonatory conditions for electricity balancing market and necessity to have harmonized electricity balancing principles in Baltic States, agreed on Standard Balancing Electricity Purchase-Sell Agreement prepared by transmission system operator LITGRID AB.

Obligation to establish Standard Balancing Electricity Purchase-Sell Agreement prepared by transmission system operator in coordination with Commission arised with Electricity Law amendments as of 1st of November.

Common balancing market of Baltic States will start operating from January 2018.​