Auctions

Electricity production from renewable energy sources is considered as public interest service. Lithuania seeks to increase the renewable electricity productionshare up to 45% by 2030 and to produce at least 5 TWh of renewable electricity by the year 2025. In order to develop the renewable electricity generation capacities in a sustainable and balanced way, the state aid is provided under the rules and recommendations of the European Union. The support model is based on the principles of transparency and affordability, which are laid out in the National energy independence strategy. Also the support scheme is based on the market model, meaning, that the electricity producers will be directly affected by the market changes. The support will be allocated through the competitive bidding procedures (technology neutral auctions), priority will be given for the economically most efficient technologies available on the market. The support will be paid for the producers in a form of market premium added to the day-ahead electricity market price.