Lithuania postpones maintenance on power cable to Sweden due to tight market

VILNIUS (Reuters) – Lithuania postponed maintenance on a power cable to Sweden due to the tight market situation, its energy ministry said on Friday.

“The temporary disconnection would reduce import volumes and would have a negative impact on the already high market price,” Energy Minister Dainius Kreivys said in a statement.

The maintenance was initially scheduled for late August but had been moved to November 7-13, Lithuania’s transmission system operator said in a note to the Nord Pool spot market.

(Reporting by Andrius Sytas in Vilnius, editing by Stine Jacobsen)