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International Internet Magazine. Baltic States news & analytics Monday, 25.05.2020, 17:23

Electricity prices go down across Baltics w/w - Elektrum Lietuva

BC, Vilnius, 19.03.2019.Print version
Electricity market prices fell across the Baltic region last week, to 41.88 euros per megawatt-hour (MWh) in both Lithuania and Latvia, down by 1% and 2%, respectively, and to 42.01 euros in Estonia, down by 1%, Elektrum Lietuva said LETA/BNS.

The Baltic prices were below the Nord Pool power exchange's average price, which went down by 1% w-o-w to 42.09 euros per MWh, the independent electricity supplier said.  

"The price changes were due to increased precipitation, slightly warmer temperatures and a decline in prices for fuel for electricity generation," Karolis Bagdonas, head of the important client segment at Elektrum Lietuva, said. 

"Admittedly, a slight decrease in wind power generation kept the prices from falling even faster," he added. 

The Baltic countries' total power consumption last week dropped by 1% on average to 563 gigawatt-hours (GWh), while their overall electricity production increased by 5 % to 395 GWh. 

Locally-generated electricity covered 70% of the region's needs.

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