Analytics, Baltic, Energy, Energy Market, Lithuania

International Internet Magazine. Baltic States news & analytics Saturday, 24.08.2019, 14:53

Lithuania posts lowest electricity market price in Baltics

BC, Vilnius, 06.02.2019.Print version
Electricity prices fell across the Baltic region last week as a spell of cold weather ended, with the lowest price level registered in Lithuania, Elektrum Lietuva said LETA/BNS.

Average prices in all three countries declined by 12% w-o-w, to 57.35 euros per megawatt-hour (MWh) in both Estonia and Latvia and to 57.31 euros in Lithuania, the independent electricity supplier said.

 

It said the drop in prices was mostly due to a decrease in demand for power as warmer temperatures arrived in the region after the previous week's cold snap.

 

The Baltic countries' total power consumption contracted by 4% in January 28-February 3 week-on-week to 620 gigawatt-hours (GWh).

 






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