On March 25-31, the average wholesale electricity prices in Lithuania decreased from 84.5 EUR/MWh to 55.4 EUR/MWh. This is the lowest wholesale electricity price since the end of last year. Last year, the lowest weekly electricity price (43 Eur/MWh) was also recorded precisely during the Easter week.
In Latvia and Estonia, electricity also became cheaper by 34.3 percent. – up to 55.4 EUR/MWh. In Sweden, electricity became cheaper by 23.7 percent. – from 64.8 Eur/MWh to 49.5 Eur/MWh. In Finland, the price of electricity decreased by 4.3 percent. – from 56 Eur/MWh to 53.6 Eur/MWh, in Poland – 20.2 percent, from 85.2 Eur/MWh to 68 Eur/MWh. In Germany, electricity became cheaper by 9.1 percent, or from EUR 66.8/MWh to EUR 60.7/MWh.
According to LEA, monitoring the latest electricity price futures shows that electricity prices in Germany are expected to be 20-90 EUR/MWh in the coming years, while prices in Northern Europe are expected to be in the range of 20-65 EUR/MWh. During the week under review, Lithuanian wholesale electricity prices remained closer to the price level of Northern Europe.
The distributed report indicates that the electricity demand in Lithuania during the week in question, compared to the previous week, decreased by 9%. – up to 219.1 GWh.
Total electricity production in Lithuania on March 25-31 compared to the previous week increased by 47.8 percent. and reached 152.8 GWh. Wind power plants produced the most electricity – 76.6 GWh, which is 122.9 percent. more than the previous week.
Electricity production in solar power plants reached 30 GWh. This is almost double (93.1 percent), more than the previous week. 7.4 percent less electricity was produced by hydropower plants -17.3 GWh. 21.7 percent less (energy produced by thermal power plants – 16.5 GWh).
Natural gas prices continue to rise. At the TTF outlet in the Netherlands, the average price increased by 1.8 percent compared to the previous week. – from 26.4 Eur/MWh to 26.9 Eur/MWh. According to natural gas price futures, natural gas prices for the coming year, judging by the average price, are very similar to those predicted a week ago and amount to 27-33 EUR/MWh.
European gas storages are currently filled to about 58.7 percent. (last week it was 59.2 percent). A year ago, storage capacity was 55.6 percent.
Inčukalnis gas storage is now about 46 percent full, compared to about 46.3 percent a week ago and 34 percent in the same period a year ago.
In the period under review, March 25-29, the Klaipėda LNG terminal operated at 58 percent. capacity. 353.6 GWh of natural gas was imported to Lithuania through the Klaipėda terminal (previous week – 363.6 GWh). 118.9 GWh of natural gas was sent to Latvia (43.6 GWh in the previous week). 19 GWh of gas was transferred to Poland (59.6 GWh in the previous week). 215.8 GWh of natural gas was consumed in Lithuania (253.6 GWh in the previous week).
Biofuel prices in Lithuania continue to decrease. In the considered week, biofuel prices in Lithuania were 0.85 percent. lower than the previous week and reached 17.46 Eur/MWh. At the same time last year, biofuel cost EUR 22.21/MWh in Lithuania.
The average price of Brent oil for the week under review was 86.4 USD/bbl, which is 0.4 percent higher. higher than last week’s $86.3/bbl. Looking at the latest Brent crude futures, LEA said prices are expected to be $1-2/bbl higher in the coming year than it was estimated a week ago.
During the period under review, the average prices of gasoline in the compared Baltic countries and neighboring countries increased by 0.6-1.6 percent.
Average diesel prices decreased in Estonia and Lithuania (0.6% and 1.1% respectively), increased in Latvia and Poland (0.3% and 1.5% respectively), while the average price in Germany did not change.
Among the Baltic countries, fuel is the cheapest in Lithuania. Gasoline in Lithuania continues to be cheaper than diesel, this difference decreased to 0.03 EUR/l last week. Compared to the average fuel prices of the Eurozone countries, the average price of gasoline in Lithuania is 16.4 percent. lower, and diesel – 9.4 percent. lower, reported LEA.
