2024-07-15 23:46:45
According to LEA data, from July 8 to 14 the average wholesale weekly price of electricity in the Lithuanian price zone of the “Nord Pool” exchange grew by 2 percent compared to the previous week. from 99 Eur/MWh to 101 Eur/MWh. In Latvia and Estonia, the average wholesale electricity price was the same as in Lithuania.
“Electricity consumption has recently been increasing due to hot weather, which leads to a greater need for cooling: Lithuania has consumed the most electricity in a week since mid-April – 221 GWh. The production of local solar power plants also grew and thermal power plants in Estonia generated more. Although the NordBalt connection was limited to 600 MW for several days due to high temperatures, these are lower restrictions than at the end of June, when the maximum import reached 400 MW. It’s true that in Europe, the heat has affected the electricity market much more strongly,” says Aistė Krasauskienė, Head of the Market Development Department of Litgrid.
“Especially high prices are fixed in Hungary, where due to the heat, electricity consumption records are set and bandwidths with neighboring countries are limited. In the evening of July 11, the price of electricity in the Hungarian trade zone reached even 940 EUR/MWh”, she added.
Electricity consumption in Lithuania grew by 2 percent last week. from 216 GWh to 221 GWh. In Lithuania, local power plants provided 65 percent. of the country’s electricity consumption*. In total, 144 GWh of electricity was produced in Lithuania last week, which is 2 percent. less than a week ago, when domestic production reached 147 GWh.
Solar power plants produced the most electricity in Lithuania last week. Their production grew by 16 percent. from 46 GWh to 54 GWh. The production of wind power plants decreased by 16 percent. from 44 GWh to 37 GWh. Hydroelectric generation grew by 16 percent. from 17 GWh to 20 GWh.
Thermal power plants connected to the transmission network produced 23 percent. less than last week, their production fell from 26 GWh to 20 GWh. Other power plants produced 13 GWh. Last week, solar power plants generated 37 percent of electricity. Wind power plants – 26 percent, hydro power plants – 14 percent, thermal power plants – 14 percent, and other power plants – 9 percent of the electricity produced in Lithuania.
According to the import/export (sweet) ratio, 43 percent. of the country’s electricity demand* were imported. Compared to the previous week, the total amount of imports decreased by 4 percent. from 162 GWh to 155 GWh. When differentiating the country’s imports, 72 percent were imported from Scandinavia via the NordBalt connection, 3 percent. – from Latvia, and the remaining 25% imported from Poland.
The total electricity flow from Lithuania decreased by 32 percent. from 71 GWh to 48 GWh. 75 percent of exports from Lithuania were directed to Latvia, and the remaining 25 percent. to export to Poland with the “LitPol Link” connector.
For the flow of electricity, the utilization of the bandwidth of the “LitPol Link” connection reached 20 percent. in the direction of Poland and 47 percent. in the direction of Lithuania. NordBalt’s bandwidth utilization was 0 percent. In the direction of Sweden and 100 percent. in the direction of Lithuania.
2024-07-15 23:46:45