Elektros sektoriaus i{ogonek}moniu{ogonek} reforma Lietuvoje

Translated title of the contribution: The reform of electricity companies in Lithuania

Saule Milciuviene, Agne Tikniute

Research output: Contribution to journalArticle

Abstract

The object of the article is the reorganization and restructuring of Lithuanian electricity monopolies. The authors aimed to analyze whether the restructuring and changes in ownership of energy monopolies in Lithuania contributed to the creation of competitive electricity market The analysis was not restricted to the procedures of companies' reorganization, it integrated the national energy strategy, legal regulation of electricity sector, actual changes in the ownership of Lithuanian energy companies and subsequent decisions of the courts. This article is the first attempt to systematically analyze the history of the reorganization of Lithuanian electricity companies. The reform of electricity monopolies in Lithuania could be categorized from different perspectives, but there are commonly discussed issues, characterized as: (i) corporatization; (ii) legal separation of heat sector activities from electricity sector activities; and (iii) unbundling of electricity activities; (iv) privatization; (v) establishment of new companies for the implementation of the specific goals of electricity sector. Three main goals of Lithuanian electricity sector reform are identified: (i) the connection of Lithuania's high tension electricity networks with Poland and Sweden; (ii) integration into the electricity market of the Western Europe and the Nordic countries; (iii) construction of a new regional nuclear power plant. The legislative reform of energy sector can be divided into three stages: (i) the adoption of national legal norms after the declaration of independence; (ii) the harmonization of national law with the European Union legal acts and (iii) the creation of preconditions to construct a new nuclear power plant and to integrate Lithuanian electricity market into the Western European and Nordic countries electricity markets. The research showed that the restructuring and changes in ownership of energy companies still have not enhanced the competition in Lithuanian electricity market. Electricity policy goals - to ensure the strategic reliability of electricity supply and integrate Lithuania into the European Union market - have not been accomplished yet. The major supplier of electricity remains Russia and the electricity power system is still not connected to Western Europe and Nordic countries. However, the companies carrying out the interconnection projects, managing Electricity power exchange and coordinating the construction of a new nuclear power plant are established. These changes give rise to thinking, that Lithuania is on the way to liberalization of electricity market.

Original languageLithuanian
Pages (from-to)380-391
Number of pages12
JournalEngineering Economics
Volume22
Issue number4
DOIs
Publication statusPublished - 2011
Externally publishedYes

Fingerprint

Electricity
Industry
Nuclear power plants
Lithuania
Electricity market
Privatization
Electricity sector
Energy
Power markets
History
Nuclear power plant
Ownership
Reorganization
Nordic countries
Monopoly

ASJC Scopus subject areas

  • Economics and Econometrics
  • Business and International Management
  • Engineering (miscellaneous)

Cite this

Elektros sektoriaus i{ogonek}moniu{ogonek} reforma Lietuvoje. / Milciuviene, Saule; Tikniute, Agne.

In: Engineering Economics, Vol. 22, No. 4, 2011, p. 380-391.

Research output: Contribution to journalArticle

@article{8468a21352dc4947baf040a194f1d042,
title = "Elektros sektoriaus i{ogonek}moniu{ogonek} reforma Lietuvoje",
abstract = "The object of the article is the reorganization and restructuring of Lithuanian electricity monopolies. The authors aimed to analyze whether the restructuring and changes in ownership of energy monopolies in Lithuania contributed to the creation of competitive electricity market The analysis was not restricted to the procedures of companies' reorganization, it integrated the national energy strategy, legal regulation of electricity sector, actual changes in the ownership of Lithuanian energy companies and subsequent decisions of the courts. This article is the first attempt to systematically analyze the history of the reorganization of Lithuanian electricity companies. The reform of electricity monopolies in Lithuania could be categorized from different perspectives, but there are commonly discussed issues, characterized as: (i) corporatization; (ii) legal separation of heat sector activities from electricity sector activities; and (iii) unbundling of electricity activities; (iv) privatization; (v) establishment of new companies for the implementation of the specific goals of electricity sector. Three main goals of Lithuanian electricity sector reform are identified: (i) the connection of Lithuania's high tension electricity networks with Poland and Sweden; (ii) integration into the electricity market of the Western Europe and the Nordic countries; (iii) construction of a new regional nuclear power plant. The legislative reform of energy sector can be divided into three stages: (i) the adoption of national legal norms after the declaration of independence; (ii) the harmonization of national law with the European Union legal acts and (iii) the creation of preconditions to construct a new nuclear power plant and to integrate Lithuanian electricity market into the Western European and Nordic countries electricity markets. The research showed that the restructuring and changes in ownership of energy companies still have not enhanced the competition in Lithuanian electricity market. Electricity policy goals - to ensure the strategic reliability of electricity supply and integrate Lithuania into the European Union market - have not been accomplished yet. The major supplier of electricity remains Russia and the electricity power system is still not connected to Western Europe and Nordic countries. However, the companies carrying out the interconnection projects, managing Electricity power exchange and coordinating the construction of a new nuclear power plant are established. These changes give rise to thinking, that Lithuania is on the way to liberalization of electricity market.",
keywords = "Electricity market, Energy companies, Energy monopolies, Energy strategy, Reorganization",
author = "Saule Milciuviene and Agne Tikniute",
year = "2011",
doi = "10.5755/j01.ee.22.4.713",
language = "Lithuanian",
volume = "22",
pages = "380--391",
journal = "Engineering Economics",
issn = "1392-2785",
publisher = "Kauno Technologijos Universitetas",
number = "4",

}

TY - JOUR

T1 - Elektros sektoriaus i{ogonek}moniu{ogonek} reforma Lietuvoje

AU - Milciuviene, Saule

AU - Tikniute, Agne

PY - 2011

Y1 - 2011

N2 - The object of the article is the reorganization and restructuring of Lithuanian electricity monopolies. The authors aimed to analyze whether the restructuring and changes in ownership of energy monopolies in Lithuania contributed to the creation of competitive electricity market The analysis was not restricted to the procedures of companies' reorganization, it integrated the national energy strategy, legal regulation of electricity sector, actual changes in the ownership of Lithuanian energy companies and subsequent decisions of the courts. This article is the first attempt to systematically analyze the history of the reorganization of Lithuanian electricity companies. The reform of electricity monopolies in Lithuania could be categorized from different perspectives, but there are commonly discussed issues, characterized as: (i) corporatization; (ii) legal separation of heat sector activities from electricity sector activities; and (iii) unbundling of electricity activities; (iv) privatization; (v) establishment of new companies for the implementation of the specific goals of electricity sector. Three main goals of Lithuanian electricity sector reform are identified: (i) the connection of Lithuania's high tension electricity networks with Poland and Sweden; (ii) integration into the electricity market of the Western Europe and the Nordic countries; (iii) construction of a new regional nuclear power plant. The legislative reform of energy sector can be divided into three stages: (i) the adoption of national legal norms after the declaration of independence; (ii) the harmonization of national law with the European Union legal acts and (iii) the creation of preconditions to construct a new nuclear power plant and to integrate Lithuanian electricity market into the Western European and Nordic countries electricity markets. The research showed that the restructuring and changes in ownership of energy companies still have not enhanced the competition in Lithuanian electricity market. Electricity policy goals - to ensure the strategic reliability of electricity supply and integrate Lithuania into the European Union market - have not been accomplished yet. The major supplier of electricity remains Russia and the electricity power system is still not connected to Western Europe and Nordic countries. However, the companies carrying out the interconnection projects, managing Electricity power exchange and coordinating the construction of a new nuclear power plant are established. These changes give rise to thinking, that Lithuania is on the way to liberalization of electricity market.

AB - The object of the article is the reorganization and restructuring of Lithuanian electricity monopolies. The authors aimed to analyze whether the restructuring and changes in ownership of energy monopolies in Lithuania contributed to the creation of competitive electricity market The analysis was not restricted to the procedures of companies' reorganization, it integrated the national energy strategy, legal regulation of electricity sector, actual changes in the ownership of Lithuanian energy companies and subsequent decisions of the courts. This article is the first attempt to systematically analyze the history of the reorganization of Lithuanian electricity companies. The reform of electricity monopolies in Lithuania could be categorized from different perspectives, but there are commonly discussed issues, characterized as: (i) corporatization; (ii) legal separation of heat sector activities from electricity sector activities; and (iii) unbundling of electricity activities; (iv) privatization; (v) establishment of new companies for the implementation of the specific goals of electricity sector. Three main goals of Lithuanian electricity sector reform are identified: (i) the connection of Lithuania's high tension electricity networks with Poland and Sweden; (ii) integration into the electricity market of the Western Europe and the Nordic countries; (iii) construction of a new regional nuclear power plant. The legislative reform of energy sector can be divided into three stages: (i) the adoption of national legal norms after the declaration of independence; (ii) the harmonization of national law with the European Union legal acts and (iii) the creation of preconditions to construct a new nuclear power plant and to integrate Lithuanian electricity market into the Western European and Nordic countries electricity markets. The research showed that the restructuring and changes in ownership of energy companies still have not enhanced the competition in Lithuanian electricity market. Electricity policy goals - to ensure the strategic reliability of electricity supply and integrate Lithuania into the European Union market - have not been accomplished yet. The major supplier of electricity remains Russia and the electricity power system is still not connected to Western Europe and Nordic countries. However, the companies carrying out the interconnection projects, managing Electricity power exchange and coordinating the construction of a new nuclear power plant are established. These changes give rise to thinking, that Lithuania is on the way to liberalization of electricity market.

KW - Electricity market

KW - Energy companies

KW - Energy monopolies

KW - Energy strategy

KW - Reorganization

UR - http://www.scopus.com/inward/record.url?scp=84907302060&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84907302060&partnerID=8YFLogxK

U2 - 10.5755/j01.ee.22.4.713

DO - 10.5755/j01.ee.22.4.713

M3 - Article

AN - SCOPUS:84907302060

VL - 22

SP - 380

EP - 391

JO - Engineering Economics

JF - Engineering Economics

SN - 1392-2785

IS - 4

ER -