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POWER: Baltic Grid Synchronisation to Have Limited Impact on Prices: ICIS

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The synchronisation of the Baltic countries with the EU Grid on 9 February is expected to have minimal impact on power prices, as initial commercial exchanges with Poland will be limited and existing Nordic connections will stabilise the market, according to ICIS.

  • Estonia, Latvia, and Lithuania will permanently leave the BRELL system and connect to Europe via Lithuania using the 500MW LitPol power cable between Lithuania and Poland.
  • But the synchronisation will only be technical in the first stage – limiting commercial exchanges.
  • And the new 700MW Harmony interconnector operating in synchronous mode is expected to strengthen links between Lithuania and Poland by 2030.
  • However, experts warn of potential risks in the run-up to synchronisation, referencing recent incidents involving subsea infrastructure, such as the 650MW EstLink-2 power cable between Estonia and Finland.
  • Additionally, Russia’s Kaliningrad will transition to operating as an isolated system, relying on its four thermal power plants and natural gas supplies.
  • The area has gas storage capacity and can use LNG from the Marshal Vasilevskiy FSRU, supported by shipments from the Portovaya liquefaction plant.
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The synchronisation of the Baltic countries with the EU Grid on 9 February is expected to have minimal impact on power prices, as initial commercial exchanges with Poland will be limited and existing Nordic connections will stabilise the market, according to ICIS.

  • Estonia, Latvia, and Lithuania will permanently leave the BRELL system and connect to Europe via Lithuania using the 500MW LitPol power cable between Lithuania and Poland.
  • But the synchronisation will only be technical in the first stage – limiting commercial exchanges.
  • And the new 700MW Harmony interconnector operating in synchronous mode is expected to strengthen links between Lithuania and Poland by 2030.
  • However, experts warn of potential risks in the run-up to synchronisation, referencing recent incidents involving subsea infrastructure, such as the 650MW EstLink-2 power cable between Estonia and Finland.
  • Additionally, Russia’s Kaliningrad will transition to operating as an isolated system, relying on its four thermal power plants and natural gas supplies.
  • The area has gas storage capacity and can use LNG from the Marshal Vasilevskiy FSRU, supported by shipments from the Portovaya liquefaction plant.