Analytics, Energy, Energy Market, Lithuania
International Internet Magazine. Baltic States news & analytics
Saturday, 27.04.2024, 05:15
Lithuania's wholesale electricity prices fall 28% w-o-w
Average electricity prices in Latvia and Estonia declined at similar rates, to 33.7 and 33.3 euros per MWh, respectively, the Lithuanian power transmission system operator said in a press release.
"Last week was volatile in the electricity market. Wind generation almost quadrupled in all Baltic countries and increased more than five times in Lithuania, which drove prices lower and pushed more expensive combined heat and power plants out of the market," said Liutauras Varanavicius, the director of Litgrid's Strategy Department.
Lithuania's power consumption edged up by 2% w-o-w to 252 gigawatt-hours (GWh). The country's domestic production increased by 17% to 116 GWh, covering 46% of its electricity needs.
Some 23% of Lithuania's total electricity was generated by combined heat and power plants, 43% by wind turbines, 19% by hydro power plants, and 13% by other facilities.
- 29.12.2020 В Латвии вводят комендантский час, ЧС продлена до 7 февраля
- 29.12.2020 Latvia to impose curfew, state of emergency to be extended until February 7
- 29.12.2020 Linde Gas открывает завод в Кедайняйской СЭЗ
- 29.12.2020 Lithuanian president signs 2021 budget bill into law
- 29.12.2020 Президент Литвы утвердил бюджет 2021 года
- 28.12.2020
- 28.12.2020 Tartu to support students' solar car project
- 28.12.2020 Owner of Kunda Nordic Tsement to install full-scale CCS facility in Norway
- 23.12.2020 Lidl Lithuania to destroy Salmonella-contaminated eggs from Ukraine
- 23.12.2020 LTG Infra gets green light to build Rail Baltica section from Kaunas to Latvian border