International Internet Magazine. Baltic States news & analytics
Wednesday, 22.02.2017, 01:36
In 2016, the final electricity consumption in Lithuania totalled 10.47 kilowatt hours (or 10.47 terawatt hours, TWh). A record growth in the consumption was observed last year: residents, businesses, agriculture and transport used 4.5% more electricity compared to 2015. The growth rate in agriculture was as high as 8.4%, service sector 5.7%, residents 4.3%, and transport sector 4%. The lowest year-on-year growth rate (3.5%) was recorded in the industrial sector.
Keyword tags: Analytics, Baltic, Energy, Energy Market, EU – Baltic States, Lithuania
Electricity prices across the Baltic Sea region went down last week as demand for power declined due to improved weather conditions, Litgrid said LETA/BNS on Monday.
According to data of the Estonian Renewable Energy Association, new renewable electricity capacity added last year totaled 42.19 megawatts or approximately as much as in three preceding years combined, and investments in renewable energy amounted to 70 mln euros.
International credit rating agency Moody's has once again affirmed the credit rating of Latvia’s Latvenergo power utility at Baa2, with a stable outlook, the company said in its statement to the Nasdaq Riga stock exchange.
The average price of electricity in Nord Pool Spot's Lithuanian bidding area declined by 27% over the past year to 36.9 euros per megawatt-hour in January. M-o-m, the price climbed 6%, Litgrid said on Wednesday.
The Estonian electricity distribution system operator Elektrilevi is planning to introduce a two-component network fee next year consisting of a permanent component and a volume based component.
The NordBalt power interconnection between Lithuania and Sweden is out of service again due to a cable fault, writes LETA/BNS.