In April 2010 the three Baltic transmission system operators (TSOs) — Augstsprieguma tīkls of Latvia, Elering of Estonia, and Litgrid of Lithuania — agreed to create a common Baltic electricity market.
In April 2010 the three Baltic transmission system operators (TSOs) — Augstsprieguma tīkls of Latvia, Elering of Estonia, and Litgrid of Lithuania — agreed to create a common Baltic electricity market.
According to the agreement, the three Baltic states would join the Nordic countries, Germany, and Great Britain in the Nord Pool Spot (NPS) exchange – one of the world’s largest multinational electricity markets. This project has been of particular interest to the Baltic countries because of their continuing status as “energy islands” isolated from the rest of the European Union. As a crucial step in the European Commission’s Baltic Energy Market Integration Plan (BEMIP), joining NPS was intended to increase energy security in the region by providing a direct link to additional sources of supply from Nordic electricity markets, while also fostering competition in electricity markets dominated by national monopolies.