both fuel and electricity are expensive

by times news cr

2024-07-16 09:52:09

According to LEA, diesel prices in the country increased by 0.5 percent, gasoline – by 0.1 percent, Brent oil fell by 1.8 percent, TTF natural gas prices decreased by 2.3 percent during the week, and biofuel last week cost 2 .8 percent less than the previous week.

At the TTF trading point in the Netherlands, the average price of natural gas decreased by 2.3 percent compared to the previous week. – from 33.8 Eur/MWh to 33 Eur/MWh.

According to natural gas price futures, natural gas may cost around 32-39 EUR/MWh for the coming year. European gas storages are currently about 80.8 percent full, compared to 79 percent last week.

A year ago, storage capacity was 80.7 percent.

Inčukalnis gas storage is now about 61.4 percent full, compared to about 59.8 percent a week ago, and 65.4 percent in the same period a year ago.

Under consideration July 8-12. during the period, 552.1 GWh of natural gas was supplied to the market through the Klaipėda LNG terminal (420.5 GWh in the previous week).

399.2 GWh of natural gas was exported to Latvia (292.8 GWh in the previous week), 38.1 GWh of gas was received from Poland last week (45.6 GWh in the previous week).

Lithuanian biogas plants produced 1.67 GWh of natural gas (previous week – 1.85 GWh). 169.0 GWh of natural gas was consumed in Lithuania (184.9 GWh in the previous week).

The average price of Brent oil for the considered week was 85.2 USD/bbl, which is 1.8 percent. lower than last week’s $86.6/bbl.

Looking at the latest Brent crude futures, the expected prices for the coming year are $1-$2/bbl lower than what was estimated a week ago.

It is predicted that Brent oil may average around $75-85/bbl in the coming years.

Average gasoline prices increased by 0.1-2.9 percent in all compared states during the period under review.

Average diesel prices increased by 0.5-3.2 percent in all the countries compared, with the exception of Germany, where the average price decreased by 0.2 percent. Among the Baltic countries, fuel is the cheapest in Lithuania. The difference between the average prices of gasoline and diesel in Lithuania is 0.05 EUR/l.

Compared to the average fuel prices of EU countries, the average price of gasoline in Lithuania is lower by 14.1 percent, and diesel by 10.7 percent. smaller. Biofuel price in Lithuania was 2.8 percent during the considered week. lower than the previous week and reached 16.09 Eur/MWh.

At the same time last year, biofuel cost EUR 22.19/MWh in Lithuania.

In the period under review, biofuel in Lithuania remained the cheapest among the Baltic countries: in Estonia, biofuel cost 17.3 EUR/MWh, in Latvia – 17.51 ​​EUR/MWh.

July 8-14 average wholesale electricity prices in Lithuania increased by 1.3 percent. – from 99.7 Eur/MWh to 101.0 Eur/MWh.

In Latvia and Estonia, the price of electricity also increased by 1.3 percent. – up to 101 EUR/MWh. In Sweden’s SE4 zone, the price of electricity increased by 21.2%, from 39.8 EUR/MWh to 48.2 EUR/MWh, in Poland – by 12.6%. – from 102.6 Eur/MWh to 115.6 Eur/MWh, in Germany – 33.6 percent, from 51.3 Eur/MWh to 68.6 Eur/MWh.

Wholesale electricity prices 26.6 percent. decreased only in Finland – from 16.5 Eur/MWh to 12.1 Eur/MWh.

In the considered week, 65% of the production was carried out in Lithuania. all consumed electricity, the remaining required amount of energy was imported from Sweden and Poland: electricity consumption in Lithuania, compared to the previous week, changed slightly and increased by 2.2 percent, up to 221.1 GWh.

Total electricity production in our country decreased by 2.9 percent compared to the previous week. and reached 143.6 GWh.

Solar power plants produced the most electricity for the seventh week in a row – 53.7 GWh, 16 percent. more compared to the previous week (46.2 GWh) and 91 percent. more than exactly a year ago (28.1 GWh).

Electricity production in wind farms in the considered week reached 37.1 GWh – 16 percent. less than the previous week (44.1 GWh), but 36 percent more than exactly a year ago (27.3 GWh).

Meanwhile, hydropower plants produced 19.8 GWh of electricity last week – 15.9 percent. more than a week ago, and thermal power plants produced 20.0 GWh of electricity – 22.5 percent. less than the previous week.

2024-07-16 09:52:09

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