Analytics, Baltic, Energy, Energy Market

International Internet Magazine. Baltic States news & analytics Wednesday, 27.05.2020, 05:45

Lithuanian posts Baltics' largest w/w increase in power generation - Elektrum Lietuva

BC, Vilnius, 04.12.2018.Print version
Lithuania last week registered the largest increase in power generation among the three Baltic countries, but its electricity market price was the highest in the region, Elektrum Lietuva said LETA/BNS on Tuesday.

Week-on-week, the average price of electricity fell by 7% to 56.30 euros per megawatt-hour (MWh) in Lithuania, by 8% to 55.73 euros in Latvia and by 35 t to 54.72 euros in Estonia, the independent electricity supplier said.

It attributed the price decreases to increased precipitation and higher-than-usual temperatures.

Other factors included increased wind power generation, a slight decline in coal prices and the completion of annual maintenance at a Swedish nuclear power plant.

The Baltic region's overall electricity production grew by 2%t on November 26 through December 2 from a week earlier to 380 gigawatt-hours (GWh). Power generation jumped by 29% to 56 GWh in Lithuania and rose by 12% to 137 GWh in Latvia, but fell by 9% to 187 GWh in Estonia.

Locally-generated electricity covered 61% of the region's needs. Estonia generated 99% of its electricity and Latvia produced 85%. Lithuania met 21% of its needs.

The Baltic countries' total power consumption grew by 6% week-on-week to 618 GWh, rising by 4% to 268 GWh in Lithuania, by 6% to 189 GWh in Estonia and by 8% to 161 GWh in Latvia.

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