Lithuania Energy Storage Policy Grid Side

4 FAQs about Lithuania Energy Storage Policy Grid Side

Should Lithuania invest in New grid capacity?

Lithuania should allow anticipatory investments in new grid capacity while shaping policy to use existing capacity more efficiently. Clearer price signals that incentivise flexibility and grid services are needed, including by expanding balancing markets and allowing dynamic grid tariffs.

What is Lithuania's energy policy?

Energy independence is central to Lithuania's energy policy, and the country has taken important steps to reduce its dependency on energy imports, including ceasing all imports from Russia since March 2022. However, imported fossil fuels still account for over half of end-use energy consumption.

What is Lithuania's energy security strategy?

Since regaining national independence in 1990, Lithuania has pursued a strategy of energy security, gradually reducing its reliance on energy imports from Russia. With the completion of the Butinge oil terminal in 1999, Lithuania was able to diversify its crude oil imports.

What is Lithuania's long-term renovation strategy?

Lithuania's Long-Term Renovation Strategy – targeting a 60% reduction in primary energy consumption in buildings by 2050 and eliminating fossil fuel use – successfully channelled European Union (EU) funding and private capital into energy efficiency renovation programmes.