“Litgrid”: the wholesale price of electricity in Lithuania decreased by 34% during the week. | Business

Last week’s average wholesale electricity price in Lithuania was the lowest this year, the electricity transmission system operator Litgrid announced on Tuesday.

In Latvia and Estonia, the average price of electricity last week was the same as in Lithuania.

“Last week from Monday until late Friday evening, the LitPol Link connection was unavailable on the Polish side due to network work. In the Baltic countries, the price of electricity decreased the most among all trade zones in the region. The biggest influence was the doubled production of both wind and solar power plants.

However, the shutdown of the connection with Poland also contributed, as a result of which Lithuania did not export cheap electricity to more expensive trade zones – Poland, Germany and other central European countries,” Ramūnas Bikulčius, interim head of Litgrid’s Strategy Department, said in a statement.

According to him, last Friday the daily price of electricity reached 24.9 euros per MWh and was the lowest since August 8 last year.

Electricity consumption in Lithuania decreased by 9 percent last week. up to 218 gigawatt hours (GWh), local power plants provided 71 percent. consumption of the country. In total, 154 GWh of electricity was produced in Lithuania last week – 48 percent. more than a week ago.

Wind power plants produced the most electricity last year, their production more than doubled to 76 GWh. The production of solar power plants also increased almost twice, to 30 GWh. At that time, the production of thermal power plants connected to transmission networks decreased by 22 percent last week. up to 16 GWh, hydropower plants – 8 percent. up to 17 GWh.

Thermal power plants connected to the transmission network generated the same amount as a week ago – 10 GWh. At that time, the production of hydropower plants decreased by almost a fifth to 22 GWh, solar power plants – by 25 percent. up to 16 GWh.

Wind farms produced 49 percent of electricity last week. Electricity generated in Lithuania, solar power plants – 19%, hydroelectric and thermal power plants – 11% each, other power plants – 9%.

It is stated that 38 percent the country’s electricity needs were imported, the total amount of imports decreased by 40% during the week. up to 107 GWh. 54 percent electricity imported from Scandinavia via the NordBalt connection, 35 percent. – from Poland, the remaining 11 percent. crossed the border with Latvia.

The total flow of electricity from Lithuania decreased by 2 percent. up to 15.6 GWh, 23 percent. of exports from Lithuania were directed to Sweden, 15% to Latvia, and the remaining 62 percent – via “LitPol Link” connection to Poland.