The National Commission for Energy Control and Prices said on Monday that it had analyzed Litgrid's plan for the development of the energy system's 400-110 kilovolt power line network in 2016 through 2025.
The energy market regulator stated after the analysis that the investments envisaged in the plan will ensure a reasonable development of the electricity sector that will meet the market's needs, as well as the reliable and efficient operation of the transmission system, which will allow guaranteeing quality services for consumers.
Compared with its ten-year plan approved last year, Litgrid this year is cutting planned investments by 44.6%t, due to the completion in 2015 of investments in the NordBalt and LitPol Link power interconnections, the commission said.
Under the law, the operator is to submit a ten-year transmission grid development plan to the market regulator every year.
