Energy, Energy Market, Lithuania
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Friday, 26.04.2024, 01:54
Electricity prices in Lithuania rise 9.6% in July from June - LET
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The price on Nord Pool's Lithuanian bidding area
averaged 48.94 euros per megawatt-hour last month, close to Latvia's 48.95
euros and Estonia's 48.92 euros, the power and natural gas supply company
said.
M-o-m, electricity prices moved up across the Baltic region,
rising by 9.6% in both Lithuania and Latvia and by 12.6% in Estonia. Y-o-y,
electricity prices declined by 10.3% in both Lithuania and Latvia and
went down by 9.6% in Estonia.
The price in Sweden's fourth bidding area (SE4) averaged
37.34 euros per MWh last month.
"The difference between July electricity prices in
Lithuania and Sweden reached 11.6 euros per MWh. Such a big difference was
probably due to electricity production in Estonia remaining lower than
usual; it decreased by another 2.8% compared with June," Martynas
Boratinskas, head of business solutions at LET, said.
The company said lower power generation in Estonia will
likely continue to affect Baltic electricity prices in August.
Other factors will include lower-than-installed
transmission capacities with Latvia and Kaliningrad.
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