LITGRID AB

Litgrid AB is the Lithuanian electricity transmission system operator (TSO). It is responsible for the reliable operation, development, and balancing of Lithuania’s high-voltage electricity transmission grid and for the integration of Lithuania’s power system with neighboring and European Union power systems.

Company Overview

Legal name: LITGRID AB
Type: Public company (AB), regulated monopoly (Transmission System Operator)
Industry sector: Energy – Electricity transmission and system services
Founded: 2010 (as a result of unbundling and reorganization of Lithuania’s power sector entities)
Headquarters: Vilnius, Lithuania
Stock exchange listing: Nasdaq Vilnius (Baltic Main List); ticker: LGD1L

Legal Information

Įmonės kodas (Company code): 302564383
PVM kodas (VAT code): Not publicly confirmed on the company’s official site; consult VMI VAT register or Lithuanian Centre of Registers for the current VAT number.
Official website: https://www.litgrid.eu
General email: info@litgrid.eu (general inquiries; dedicated functional addresses are listed on the company’s contacts page)
Registered office address: Vilnius, Lithuania (the precise street address is available via Lithuanian Centre of Registers and business directories; not prominently listed on the official English-language site).
Main phone number: Not publicly listed on the English-language site; refer to the Lithuanian contacts page or business directory listings for up-to-date phone lines.

Note: In Lithuania, official corporate registry data (including VAT numbers and full addresses) are maintained by the Centre of Registers. Litgrid’s official website provides key contact channels and media relations contacts; some detailed legal-contact fields are provided via registry and investor-relations disclosures.

Business Operations

Main services:
- Transmission of electricity at high voltage (110 kV and 330 kV)
- System operation: balancing, frequency control, ancillary services procurement, and dispatching via the National Control Center
- Grid planning, development, and maintenance, including cross-border interconnections
- Market facilitation: enabling cross-border capacity allocation, cooperation with regional markets (Nord Pool; European market coupling frameworks)
- Strategic projects for synchronous connection with Continental Europe

Assets and infrastructure:
Litgrid operates Lithuania’s high-voltage transmission grid (thousands of kilometers of 330 kV and 110 kV lines and associated substations). Key cross-border assets include the LitPol Link (Poland) and NordBalt (Sweden) interconnectors. Additional reinforcement and synchronous-operation assets are being developed under the Baltic Synchronization program.

Business model and regulation:
As a TSO, Litgrid operates under a regulated framework set by Lithuania’s National Energy Regulatory Council (VERT). Revenues are established via regulated tariffs and cost-reflective mechanisms for system services and balancing. The company also manages pass-through costs related to ancillary services and cross-border exchanges, subject to EU and national regulation.

Market position:
Litgrid is the sole electricity transmission system operator in Lithuania (a natural monopoly). It coordinates with regional TSOs and EU agencies to ensure security of supply and market integration.

History

Formation and unbundling (2010): Litgrid AB was created through sectoral restructuring to comply with EU directives requiring functional and legal unbundling of transmission operations from generation and supply. The company took over transmission assets and the TSO function from legacy integrated entities.

Strategic interconnections (2015):
- LitPol Link: The first synchronous interconnection between Lithuania and Poland, enabling physical power flow and increased regional integration.
- NordBalt: A high-voltage direct current (HVDC) subsea link connecting Lithuania (near Klaipėda) and Sweden (Nybro), strengthening security of supply and market integration with the Nordics.

Baltic Synchronization program (2018–2025): Litgrid leads Lithuania’s actions in the joint Baltic states program to desynchronize from the BRELL ring and synchronize with the Continental European grid. The program includes grid reinforcements, synchronous condensers, control systems, and cross-border projects (including planned Harmony Link with Poland). The synchronization is targeted for 2025, in coordination with Latvian and Estonian TSOs and ENTSO-E.

Corporate developments: Over the 2010s–2020s, Litgrid strengthened its governance, expanded investor relations as a listed company, modernized the National Control Center, and implemented extensive grid reinforcement and system services procurements aligned with EU market codes.

Financial Information

Revenue: Litgrid’s revenues are regulated and disclosed in annual and interim reports. Recent years’ results have been influenced by market-wide energy price volatility and pass-through system service costs. For audited figures (e.g., annual revenue, EBITDA, net profit), consult Litgrid’s Annual Report and financial statements published on its website and Nasdaq Vilnius.

Funding and capital structure: As a listed company, Litgrid may finance investments through retained earnings, regulated tariffs, EU support instruments (e.g., Connecting Europe Facility for interconnectors), and debt facilities. Major strategic projects often combine EU grants with national and company financing.

Ownership: Majority ownership is held by EPSO-G, the Lithuanian state-owned energy transmission holding company under the Ministry of Energy. A minority free float is traded on Nasdaq Vilnius. Exact shareholdings are disclosed in investor-relations materials and regulated reports.

Leadership and Management

Key executives (Vadovai):
- Chief Executive Officer (Generalinis direktorius): Rokas Masiulis
- Other C-level and director roles (e.g., Finance, Operations, Grid Development, Markets, Legal & Compliance) are published in Litgrid’s corporate governance and contacts pages. Names and responsibilities may change; refer to the official site for the current roster.

Board of Directors (Valdyba):
Litgrid’s board comprises members appointed in line with Lithuanian corporate governance for state-controlled listed companies, including independent directors. The chairperson and individual members are disclosed in corporate governance statements, annual reports, and the investor-relations section of the site.

Office Locations (Buveinių adresai)

Head office: Vilnius, Lithuania (full legal address available via the Centre of Registers and on Lithuanian-language corporate disclosures).
National Control Center: Vilnius (exact address not publicly enumerated on the English site).
Regional/technical sites: Substations and converter stations across Lithuania (e.g., Alytus converter station for LitPol Link, Klaipėda area facilities for NordBalt). These are operational facilities rather than public offices.
Phone numbers: Dedicated phone numbers for headquarters and departments are provided on Litgrid’s Lithuanian contacts page and in business directories. If unavailable on the English site, consult the Lithuanian Centre of Registers or the company’s Lithuanian contact listings.

Note: For up-to-date addresses and divisional phone lines, the Lithuanian-language contact page and registry sources provide the most precise details.

Market Position

Competitors: Litgrid has no domestic competitors in transmission (TSO is a natural monopoly). Regionally, Litgrid coordinates with neighboring TSOs rather than competes:
- AST (Latvia)
- Elering (Estonia)
- PSE (Poland)
- Svenska kraftnät (Sweden)
- Other ENTSO-E members involved in synchronization and market coupling.

Market share: 100% of Lithuania’s high-voltage electricity transmission.
Competitive advantages: Regulatory mandate, strategic interconnections (LitPol Link, NordBalt), integration with EU electricity markets, and leadership in the Baltic Synchronization program.

Recent Developments

Baltic Synchronization timeline (to 2025): Ongoing grid reinforcements, installation of synchronous condensers and system control upgrades, and coordination with ENTSO-E toward synchronization with Continental Europe in 2025.

Interconnection projects: Work related to reinforcement of the Poland-Lithuania interface (including Harmony Link preparations and onshore reinforcements), optimization of cross-border capacity allocation, and improved resilience.

System services and balancing: Continued development of ancillary service markets, procurement frameworks, and the rollout of technologies that enhance frequency control and reserve availability.

Corporate governance and disclosure: Regular publication of financial results, sustainability reporting, and stakeholder engagement through investor-relations and media communications.

Contact Information

Website: https://www.litgrid.eu
Email (general): info@litgrid.eu
Media/IR contacts: Dedicated contacts are listed in the “Contacts” and “Investors” sections of the official website.
Registered office: Vilnius, Lithuania (see registry sources for full address).
Phone: Not prominently published on the English-language site; consult Lithuanian contact pages or registry listings for current numbers.

Sources and References

- Official website: https://www.litgrid.eu (About, Operations, Investors, Contacts)
- Nasdaq Baltic (Nasdaq Vilnius) issuer profile: https://nasdaqbaltic.com (search: Litgrid AB, ticker LGD1L)
- EPSO-G (state-owned energy transmission holding) information: https://www.epso-g.com
- Lithuanian Centre of Registers (JAR) for legal company data: https://www.registrucentras.lt
- National Energy Regulatory Council (VERT) for regulation and tariffs: https://www.vert.lt
- ENTSO-E publications on Baltic Synchronization: https://www.entsoe.eu
- Business directories (Rekvizitai.lt / Verslo Žinios Rekvizitai) for company code, VAT, and address details: https://rekvizitai.vz.lt (search: LITGRID AB)

Note: Specific figures (e.g., annual revenue, full board composition, precise street address, and phone numbers) are updated periodically and are available in Litgrid’s annual reports, official disclosures, and Lithuanian registry sources.