| Interview | Romas Svedas, Vice-Minister of Energy | 19 May 2010 |
Lithuania trades in Ignalina for BaltPool
By Karel Beckman
The forced closure of the large nuclear power plant at Ignalina at the start of this year has led to a 30% rise in electricity prices in Lithuania. But, says Vice-Minister of Energy Romas Svedas, the country has used the loss of its nuclear capacity as an opportunity to start with the reform of the electricity market. ‘At the same time that Ignalina was taken down, the new trading exchange BaltPool took off.’ In March, 60% of the electricity that is used in Lithuania was already traded on BaltPool.
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