Analytics, Energy, Energy Market, Lithuania

International Internet Magazine. Baltic States news & analytics Monday, 18.01.2021, 21:09

Lithuania's wholesale electricity prices fall 14% w-o-w as imports from Sweden grow

BC, Vilnius, 18.05.2020.Print version
Lithuania's average wholesale electricity price fell by 14 percent last week compared with a week earlier to 24.5 euros per megawatt-hour (MWh), the power transmission system operator Litgrid said on Monday.

Liutauras Varanavicius, the director of Litgrid's Strategy Department, said the decline was partly due to an increase in NordBalt's throughput capacity, which allowed electricity imports from Sweden to grow by 13%. 

"On the other hand, the capacity of the interconnection with Sweden is still not at its highest level due to repairs. Excellent conditions are in place for Lithuanian producers to maintain a competitive price," he said. 

The average price in Latvia on May 11-17 was the same in Lithuania, and that in Estonia was 24.6 euros. 

Lithuania's domestic electricity production rose by 40% to 110 gigawatt-hours (GWh) last week, covering 52% of the country's consumption which totaled 211 GWh.

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