Energy, EU – Baltic States, Lithuania

International Internet Magazine. Baltic States news & analytics Friday, 25.04.2014, 09:17

Enefit: electricity in Lithuania could get cheaper only in 2015

Petras Vaida, BC, Vilnius, 10.08.2012.Print version
A whole-sale electricity price on the Lithuanian free electricity market has been growing for a second month in a row. Average electricity price in July 2012 in Lithuania jumped by 8.8% to reach LTL 0.1581 (EUR 0.0583) per kilowatt-hour.

Meanwhile, a sharp decline of electricity prices has been observed in Finland. A kilowatt-hour in Finland was by more than 3 times cheaper than in Lithuania, says Enefit, a free market electricity seller, a subsidiary of Eesti Energia, the largest energy producer in the Baltic States, writes LETA/ELTA.

 

According to Enefit Director General Liudas Liutkevicius, the situation in Lithuania could improve only in 2015 if the projected NordBalt submarine power cable to Sweden is built. In that case we would have better opportunities to buy electricity energy produced at Scandinavian hydroelectric power plants," he said.

 

"Such a big price difference in countries situated in the same region shows that despite the common Nordic power exchange Nord Pool Spot trade zone both Lithuanian-Estonian and Estonian-Finnish power links capacities are not sufficient for users to buy electricity from the cheapest source," Liutkevicius said.






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