“The increase in electricity prices in the Baltic countries was caused by 13 percent compared to last week. increased electricity consumption, mostly due to each hot weather. In addition, the rising prices of oil, natural gas and emission allowances contributed to the increase in electricity prices, and 24 percent lower energy flows from Finland and just 2 percent. increased flows from Sweden’s SE4 trading zone”, says Artūras Zatulinas, Head of the Business Client Department of the electricity supply company “Elektrum Lietuva”.
in the first trading week, the price of “Nord Pool” decreased by 3%. to 126.06 Eur/MWh, mainly because warmer weather melted snow in the Nordic mountains and filled water reservoirs. in the first week, electricity consumption in the Nord Pool region increased slightly to 6,527 GWh, production remained at the level of the previous week and was 7,178 GWh.
The annual maintenance season for the Nordic nuclear power plants continues, and the total available nuclear capacity was 84 percent last week.
Both electricity consumption and production grew in Lithuania
In the Baltic countries, electricity consumption grew by 13 percent during the week. and reached 504 GWh. Consumption in Lithuania increased by 12 percent during the week. up to 234 GWh. Electricity consumption in Latvia is 15%. more – 126 GWh, and in Estonia – 14 percent. more than the previous week, ie 144 GWh.
The volume of electricity production in the Baltic countries increased by 17 percent last week. up to 297 GWh. In Lithuania, 32% of electricity is produced. more than the previous week – 88 GWh. In Latvia, production volumes decreased by 17 percent. up to 49 GWh, and electricity production in Estonia grew by 25 percent. up to 160 GWh.
During the week, the three Baltic countries together produced 59 percent. they require electricity. 38% was produced in Lithuania, 39% in Latvia, and even 111% in Estonia. the country needs electricity.
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