2024-04-13 05:45:54
As reported by the energy solutions company “Elektrum Lietuva”, hourly electricity prices in the Baltic countries ranged from 0.56 EUR/MWh to 483.03 EUR/MWh in March.
“In the Baltic region, the decrease in electricity prices was influenced by 3 percent. the electricity consumption fell compared to the previous month, as well as the increased production volumes”, – the manager of Elektrum Lietuva, Martynas Giga, is quoted in the report.
“Although the production of wind power plants decreased by 5 percent compared to February, the amount of electricity produced by hydro power plants increased by 69 percent, and by solar power plants in the Baltic countries – almost five times. At that time, energy flows to the Baltic countries decreased by 24 percent,” he noted.
According to the manager of “Elektrum Lietuva”, the repair works of the Finnish-Estonian connection EstLink 2, which will last until the end of August this year, significantly limit the possibilities of importing and exporting electricity from the Nordic and Baltic countries. In addition, at the end of March, energy flows between Poland and Lithuania were limited by the scheduled disconnection of LitPol.
The prices, which independent electricity suppliers offered to the residents of Lithuania, also decreased in March. Elektrum Lietuva’s lowest electricity price for household consumers last month was 21.039 ct/kWh, fixing it for 6 months.
At that time, the average stock price of Nord Pool in March increased by 11 percent. and averaged 56.39 Eur/MWh.
According to M. Giga, the price increase in the Nord Pool region in March was determined by 24 percent. reduced production of Nordic wind farms. 14 percent contributed to the price increase. reduced production of nuclear power plants. In addition, in March, the filling level of water reservoirs remained at 8 percent. lower than normal. However, due to warmer than usual weather, electricity consumption in the region decreased by 5% compared to February.
In Lithuania, consumption decreased, production increased
Electricity consumption in the Baltic countries was 3 percent in March. lower than in February and reached 2,283 GW. Changes in consumption in Lithuania were not large – 1015 GWh of electricity was consumed, which is 1 percent. less than the previous month. In Latvia, electricity demand decreased by 6 percent. up to 551 GWh, in Estonia – 4 percent. up to 718 GWh.
Last month, a total of 1,897 GWh of electricity was produced in the Baltic States – 12 percent. more than in February. Compared to the previous month, production in Lithuania increased by 8%, a total of 613 GWh of electricity was produced. Production in Latvia increased by 21 percent. to 905 GWh, the amount of electricity produced in Estonia grew by only 1 percent. up to 379 GWh.
Last month, the Baltic countries produced a total of 83 percent. they require electricity. In Lithuania, this indicator reached 60%, in Latvia – 164%, in Estonia – 53%.
2024-04-13 05:45:54