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Trade in electricity

As of 1 January 2016, the electricity generated in Lietuvos Energijos Gamyba power plants is sold by Energijos Tiekimas. Until then, Lietuvos Energijos Gamyba traded electricity in the wholesale electricity market itself.

The part of the business sold to Energijos Tiekimas on 1 January 2016 comprises trading in derivative financial instruments (which is unrelated to the physical production of electricity) and the provision of balancing services. Lietuvos Energijos Gamyba continues to receive revenue from the sold electricity produced in its power plants and the ancillary services it provides.