Analytics, Energy, Energy Market, Lithuania

International Internet Magazine. Baltic States news & analytics Monday, 25.01.2021, 06:22

Lithuania's wholesale electricity prices fall 28% w-o-w

BC, Vilnius, 24.11.2020.Print version
Lithuania's average wholesale electricity price fell by 28% last week from a weak ago to 33.8 euros per megawatt-hour (MWh), Litgrid said, cites LETA/BNS.

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.  


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