Analytics, Baltic, Energy, Lithuania

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 17:59

Lithuania's wholesale electricity price soars 41% w-o-w - Elektrum Lietuva

BC, Vilnius, 03.03.2020.Print version
Lithuania's average wholesale electricity price surged by 4 % last week from a weak earlier to 33.1 euros per megawatt-hour (MWh), Elektrum Lietuva said.

Electricity prices jumped across the Baltic region last week, soaring by 40% to 33.3 euros in Estonia and by 39% to 33.1 euros in Latvia. The average price on the Nord Pool power exchange rose by 30% to 12.7 euros, the independent electricity supplier said in a press release.   


"Last week, weather conditions had the biggest impact on electricity prices. Dryer and cooler weather brought the Nord Pool region's wind power output by 43 % week-on-week," said Karolis Bagdonas, corporate client manager at Elektrum Lietuva.  


The three Baltic countries' total power consumption rose by 1% to 574 gigawatt-hours (GWh). Their overall electricity production increased by 10% to 357 GWh, covering 62% of the region's needs. 






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