Energy, Energy Market, Lithuania

International Internet Magazine. Baltic States news & analytics Monday, 21.09.2020, 16:23

Lithuanian electricity market prices rise w-o-w amid wintry weather

BC, Vilnius, 23.01.2017.Print version
Prices in the Lithuanian electricity market rose last week due to wintry weather conditions, which caused overhead lines to break under the weight of ice and forced wind turbines to stand idle, Litgrid said LETA/BNS on Monday.

"Ice formed on a 330-kilovolt transmission line in the district of Silute on Jan. 19 and the line broke under its weight. This incident did not affect the supply of electricity," the power transmission system operator said in a press release.

"Also, the heavy icing hinders wind power plants' operations. On Monday alone, 85 out of 186 windmills could not start running in the morning for this reason. Their combined capacity amounted to around 200 megawatts," it said.

The price of electricity in Nord Pool Spot's Lithuanian bidding area last week averaged 42.3 euros per megawatt-hour, up by 28.2% from a week earlier but down by 23% in year-on-year terms.

Lithuania's wind power output fell by one-third to 18.5 gigawatt-hours (GWh).

Lithuania last week imported 79% of its electricity, with 60% coming from Latvia, Estonia and Finland, 2% from Sweden and 38% from third countries.

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