News2019.08.06 15:00

Baltic electricity prices fall by 10 percent

BNS 2019.08.06 15:00

Electricity market prices in the Baltic countries fell by around 9 percent last week but remained above the 50-euro mark, Elektrum Lietuva said on Tuesday. 

The average electricity price declined by 8.8 percent to 50.78 euros per megawatt-hour (MWh) in both Lithuania and Latvia and was down by 9.2 percent to 50.46 euros in Estonia, the independent electricity supplier said in a press release.

The average price across the Nord Pool power exchange rose by 4.6 percent to 38.78 euros per MWh, it said.

The factors that drove the Baltic prices down included a 33 percent increase in the power transmission capacity between Lithuania and Belarus and a 17 percent increase in the capacity between Kaliningrad and Lithuania, according to the press release.

The Baltic region's total power consumption decreased by 4 percent on July 29-August 4 week-on-week to 221 gigawatt-hours (GWh), falling by 14 percent to 58 GWh in Lithuania and by 1 percent to 90 GWh in Latvia but rising by 2 percent to 72 GWh in Estonia.

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