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Published: 2/14/2020. Updated:

Peculiarities of Lithuanian and Hungarian energy sectors were discussed at NERC

On 13 February, 2020  the representatives of the National Energy Regulatory Council (NERC), the Ministry of Energy, Ignitis Group and ESO together with the guests from the Hungarian Embassy in Lithuania and representatives of the MVM ERBE company discussed current issues in the energy sector in both countries and explored on the opportunities for cooperation.

The representative of the Ministry of Energy presented Lithuania's plans for the liberalization of the energy sector: the initiative on the deregulation of electricity prices for household customers, the project for the development  of a centralized electricity consumption data collection and sharing platform (Data Hub) for energy market participants and the implementation of smart metering for electricity consumers.

Representatives of the NERC presented current trends in the electricity sector, Lithuania's targets in promoting the integration of renewable energy sources, as well as the procedures for auctioning the allocation of quotas for the promotion of electricity from renewable sources organized by the NERC. Representatives of Ignitis Group and ESO presented the activities and expansion and development trends of the companies.

Guests from the MVM Group presented the group's activities and projects in the electricity and natural gas sectors. MVM ERBE, the company operating in the field of engineering, provides services of engineering consulting, coordination for construction works, quality control and technical inspection services, as well expands its activities in the field of renewable energy. Taking into account the active international development strategy of the MVM Group, trends in the energy sector of the entire Baltic region were also discussed during the meeting.

The meeting was organized by the NERC in cooperation with the Hungarian Embassy in Lithuania in order to exchange the best practices and discuss possibilities for bilateral cooperation in the energy sector.