The National Energy Regulatory Council (NERC) has prepared the Annual Report on Electricity and Natural Gas Markets of the Republic of Lithuania in compliance with the requirements of Directive 2019/944 of the European Parliament and of the Council of 5 June 2019 concerning common rules for the internal market for electricity and amending Directive 2012/27/EU and of Directive 2009/73/EC of the European Parliament and of the Council of 13 July 2009 concerning common rules for the internal market in natural gas and repealing Directive 2003/55/EC and submitted it to the European Commission.
MAIN DEVELOPMENTS IN THE GAS AND ELECTRICITY SECTORS
Electricity market:
- In 2024, the amount of electricity imported to Lithuania's Power System (LPS) decreased by 13.04% compared to 2023 and accounted for 64.7% of the total electricity demand in the country (which was 13.2 TWh).
- In 2024, the country generated 7.66 TWh of electricity, imports amounted to 8.52 TWh, and exports amounted to 3.11 TWh. Electricity consumption in the country in 2024 amounted to 11.5 TWh. The total installed capacity of power plants increased in 2024 and reached 6,360 MW (5,259 MW in 2023).
- In 2024, investments in the electricity sector amounted to EUR 583.82 million, i.e. 14.74% or EUR 74.98 million more than in 2023 (EUR 508.84 million). Investments in the distribution system amounted to EUR 337.72 million (an increase of EUR 0.67 million), in transmission – EUR 216.79 million (an increase of EUR 53.37 million), and in production companies – EUR 29.30 million (an increase of EUR 23.96 million).
- In 2024, 2,475 undertakings in the electricity sector were subject to NERC regulation. This included licensed or permit-regulated activities of independent power supply and aggregation, transmission, distribution, public supply and electricity generation, as well as permits to develop generation capacity.
- At the end of 2024, the following undertakings held licences issued by NERC: AB “Litgrid", electricity transmission system operator (TSO), AB “Energijos skirstymo operatorius", AB “Achema", UAB “Dainavos elektra" and AB “Akmenės cementas" – electricity distribution system operators (DSO), UAB “Ignitis", public electricity supplier.
- At the end of 2024, 2,176 undertakings (natural and legal persons) held permits issued by the NERC to generate electricity (excluding prosumers), 283 undertakings (natural and legal persons) had permits issued by NERC to develop power generation capacity.
- In 2024 NERC issued permits to develop power generation capacity (366), to develop power generation capacity for hybrid power plants (46), permits to develop energy storage facilities (13) and permits to produce (144), as well as permits to carry out activities of independent power demand aggregator (6) and independent electricity supply (6).
- In 2024 was extended the validity period of 178 permits for the development of power generation capacity.
- In 2024 NERC 23 citizens' energy communities were granted status in 2024, i.e. more than three times the number compared to 2023. Also, one renewable energy community status was granted.
Natural gas market:
- In 2024, natural gas imports amounted to 29,980 GWh, down 21.5% from 38,175 GWh in 2023. In 2024, compared to 2023, sales in the wholesale market of the natural gas sector decreased by 38.5%, from 22,728 GWh to 13,968 GWh, while sales in the retail market decreased by 19.5% (from 6,560 GWh to 5,279 GWh).
- In the natural gas sector, NERC regulated 78 undertakings in 2024. In the natural gas sector transmission, distribution, storage, regasification of liquefied natural gas (LNG), supply and market operator activities are licensed or regulated by permits.
- In 2024, UAB GET Baltic traded 8.37 TWh of natural gas on the natural gas market. Compared to 2023, the volume of natural gas sold on the natural gas market by UAB GET Baltic was 8% lower.
- Revenue of the natural gas sector (transmission, distribution, LNG regasification, supply) amounted to EUR 1,041 million in 2024, i.e. almost 33.6% less than in 2023 (EUR 1,569 million) due to lower natural gas product prices.
- In 2024, a total of EUR 162 million was invested in the natural gas sector, i.e. 2.8 times more than in 2023 (EUR 57.5 million).
- After verifying that the natural gas transmission service prices submitted by AB Amber Grid are reasonable and objective, do not exceed the established revenue cap, and are correctly differentiated to avoid cross-subsidisation between system user groups, NERC confirmed the Lithuanian gas TSO rates for 2026, according to which the average price of gas transmission services for Lithuanian consumers will be EUR 1.52 per megawatt hour (EUR/MWh). This is 5% less than the gas transmission price of EUR 1.60/MWh applicable in 2025.
The full translated Report will be accessible on the NERC website www.vert.lt and on the CEER website www.ceer.eu in September 2025.
Reports of previous years are presented here (in English).
