The Baltic electricity REM is led by the Latvian Energy Regulator (PUC) and aims to integrate Estonia, Latvia and Lithuania into one electricity regional market.
The Baltic region represents 18885 GWh of final electricity consumption, 0,71 % of the EU 25 final electricity consumption.
The Baltic electricity REM has the potential to function as the link between the Central-East and the Northern European regional markets. Co-operation between network operators, grids access, balancing rules and transparency are the four key priorities of the Baltic electricity REM.
KEY ACHIEVEMENTS SO FAR - August 2007
The Stakeholder Group met in April and provided an update on the work of the IGs and on the agreed Action Plan.
At present, focus has been on evaluating the impact of the start of the Estlink operation. This exercise has produced practical proposals on how to avoid pan-caking of payments.
A working paper on licensing issues has also been produced and no major barriers to entry were identified.
Cooperation between network operators (including cross border issues and availability of transmission capacity).
Work on ITC issues towards the delivery of a Working Paper stating the Baltic TSOs opinion on the ETSO ITC mechanism is ongoing.
The region is currently investigating solutions to pancaking regarding payments for transferring the energy to Estlink. A meeting is planned with Finnish TSO representative.
Access to grids andbalancing rules
The IG on balancing issues will further develop draft Working Paper on Balancing in the Baltics (the first draft has already been prepared).
Producers came up with the proposal to include in the further actions the problems of market design and fair transmission pricing.
Availability and control of information
·The NRAs agreed on using the ERGEG Transparency Guidelines for Good Practice as the key template for assessing transparency across the Baltic region.
Market development and compatibility with national legislation
·The IG on Licensing issues produced a summary paper on the license issuing procedures in the Baltics.