Energy, EU – Baltic States, Lithuania
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Friday, 26.04.2024, 06:39
Electricity prices fall in Lithuania and Latvia due to smaller demand in January
BC, Vilnius, 27.01.2015.
Print version
Print versionOn 19-25 January 2o15, the average electricity price in Nord Pool Spot power market Lithuanian trading zone was EUR 41.14 per megawatt hour (MWh). Milder winter in North Europe and cheaper electricity from Finland led to a 6% price drop in Lithuanian and Latvia trading zones compared to the previous week, reports LETA/ELTA.
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The price was the lowest compared to the same weeks of 2014 and 2013.
Electricity generation in thermal power plants of the Baltic States decreased due to greater supply of electricity from Nordic countries and increased electricity generation in Latvia's hydroelectric power plants. Electricity import from the North increased by one and a half times, mostly because of 100 MW (12%) greater Estonia-Latvia electricity link throughput and decreased wind power generation.
International Latvia-Estonia electricity link throughput on 19-25 January was used on average at 92%, Lithuania-Latvia at 60%, Lithuania Belarus at 19%.
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