Energy, Energy Market, Lithuania

International Internet Magazine. Baltic States news & analytics Wednesday, 04.10.2023, 22:51

Lithuania's wholesale electricity prices soar 27 % w-o-w

BC, Vilnius, 05.10.2020.Print version
Wholesale electricity prices soared by 27% on average in all three Baltic countries last week from a week earlier, Litgrid said on Monday.

Electricity prices in Nord Pool's Lithuanian, Latvian and Estonian bidding areas averaged 39.5 euros per megawatt-hour (MWh) between September 28 and October 4, the Lithuanian power transmission system operator said in a press release.

“Electricity generation at Lithuania’s biggest power plant – Lietuvos Elektrine (Lithuanian Power Plant) in Elektrenai – decreased substantially last week. However, the decline in output did not trigger an increase in electricity imports as Lithuania did not export electricity to Poland,” the press release quoted Liutauras Varanavicius, the director of Litgrid's Strategy Department, as saying. 

Electricity exports to Poland fell to zero due to scheduled maintenance of LitPol Link, an electricity interconnection between the two countries. 

Lithuania's power consumption edged down by 1% w-o-w to 226 gigawatt-hours (GWh) whereas the country’s domestic production decreased by 9% to 103 GWh, covering 46% of its electricity needs.

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