Since July, the electricity market price is lower

The State Energy Regulatory Council (VERT) set the electricity market price for the second year of 2024 on Monday. for half a year.

The new market price effective from July 1. until December 31, will reach 8.353 ct/kWh (83.53Eur/MWh) and will be 14.35 percent. lower than in the first half of this year (9.753 ct/kWh or 97.53 Eur/MWh).

Market price in 2024 for the second half is determined by evaluating:

1. Electricity prices on the electricity exchange “Nord Pool” in the trading zones of Lithuania and Finland for the last 12 calendar months;
2. Daily price indices of financial instrument futures published on the Nasdaq OMX website.
3. Electricity consumption unevenness coefficients published in accordance with the Electricity Market Rules.

The market price is used:

1. Determining the annual estimate of funds for services meeting public interests (hereinafter referred to as “Public Interest Services”) for the coming calendar year;
2. Calculating the public price of electricity;
3. When determining the amounts to be paid to the recipients of VIAP funds, in accordance with the Administration description.