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Technology assets policy

The purpose of the EPSO-G’s policy for the development and use of technology assets is to consistently implement the principles for the management and development of electricity and natural gas infrastructure based on cost-benefit analysis, in order to ensure safe and uninterrupted transmission of energy to Lithuanian residents and businesses.

This policy stipulates that the use and development of the energy transmission infrastructure operated by the EPSO-G group companies would be conducted responsibly and ensure long-term economic benefits.

In managing technology assets, the EPSO-G group companies aim to:

  • comply with the best practices of members of the European Network of Transmission System Operators for Electricity and Gas (ENTSO-E and ENTSO-G);
  • ensure safe and uninterrupted transmission of electricity and natural gas in close cooperation with the energy distribution operator;
  • ensure that the values of undelivered natural gas due to the fault of the transmission system operator and the total time of supply interruption are zero;
  • ensure that the values of undelivered electricity due to the fault of the transmission system operator and the total time of supply interruption for electricity consumers do not exceed the average value of respective European countries;
  • when installing or reconstructing energy objects, install advanced technologies that ensure long-term economic benefit based on cost-benefit analysis and on the risk assessment of the equipment condition;
  • manage and develop energy transmission infrastructure in a socially responsible way, taking into account the requirements for employee safety and environmental protection;
  • allocate at least 0.2 percent of the energy transfer revenue for innovation and research.

     

Last updated: 28-01-2019