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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 21:42

November's power price in Lithuanian zone of NPS was the lowest since May

Petras Vaida, BC, Vilnius, 18.12.2014.Print version
In November, the average electricity price in the Lithuanian trading zone of the Nord Pool Spot was 17.4 ct/kWh, a drop down by 6% compared to October 2014, and was the lowest since May this year, reports BC Litgrid AB, the Lithuanian electricity transmission system operator.

Despite scarce precipitation in November that determined lower electricity production at hydro power plants, they produced the most of locally generated electricity last month, over 90 GWh, or 42% of total electricity generated in the country. In November, the major cities' thermal power plants generated 86 GWh of electricity in total, or 40% of total electricity generated in the country. The electricity output of wind parks in November was nearly one third smaller than in October, while their generation accounted for 20% of total electricity generated in the country, or 5% of total electricity consumed. The Lithuanian Power Plant was out of operation in November.

 

More than three quarters, i.e. 77% of the electricity consumed during November in Lithuania was imported. The electricity import from Estonia and Nordic countries was decreasing by 14% on average, while import from Kaliningrad grew by 28%.

 

The average electricity price on the Scandinavian trading zone of Nord Pool Spot exchange in November was dropping by over 2% compared to last month and was 10.3 ct/kWh, the average price in the Estonian trading zone decreased by 12% to 12.2 ct/kWh, while Latvia experienced 6% price drop on average.

 

The capacities of the Latvian-Estonian interconnection during 8-14 December were used by 97% on average, the Lithuanian-Latvian interconnectors – by 43%, the Lithuanian-Kaliningrad interconnectors – by 100%, Lithuanian – Belarus by 49%.






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