energy industry in lithuania 2014

Energy industry in Lithuania

Gintare Milkeviciute

ISM University of Leicester

LESTO

Contents

Energy industry

GameHow decisions

are made?

The process

Stakeholders Market players in LT

1 2

3 45

Energy industry

Gas Electricity

FuelsHeat

The processElecticity industry example

Stakeholders

Employees Regulators Society Local communities Governments

Renewables generators

Transmission system

operators

Distributionsystem

operatorsConsumers

Mining (coal, gas, shell gas,

oil etc.)

Producers (petroleum, biofuels etc.)

Transportation network

operators

Conventional generators

Market operators

Independed suppliers

Contractors Researchers

Features

Capital intensive High entrance barriers

Really long-term projects

(ex. nuclear)

Political (big companies)

Price regulation

Environmental concern

Usually several investors involved

Government funding

International projects

Political commitment (election cycle)

Risk of cost overruns

Risk of changes in regulation climate

Energy industry in Lithuania100% gas &

>60% electricity import

Market players in LithuaniaProducers

~ 2.500 distributed generators

Market players in LithuaniaInfrastructure

Market players in LithuaniaConsumers

Market players in LithuaniaThe market

Independed suppliersMarket operators

Electricity transmission grid

Gas transmission grid

www.regia.lt

The gameHow decisions are made?

1 4 6

3 teams Q&A

10 min.

Regulator presents its

decision

3 min.

2

Form your position

10 min.

3

Present it

2 x 3 min.

5

Regulator reach

consensus

5 min.

7

Feedback

2 x 3 min.

Sources

LESTO strategy 2014-2020

Lietuvos energijos gamyba

strategy 2014-2020

Lietuvos energija group strategy 2014-2020

BP energy outlook 2035

Lithuania’s National energy strategy

LT natural gas market overview

LT electricity market overview

Independed heat producers market overview