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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:
- Electricity prices on the electricity exchange “Nord Pool” in the trading zones of Lithuania and Finland for the last 12 calendar months;
- Daily price indices of financial instrument futures published on the Nasdaq OMX website.
- Electricity consumption unevenness coefficients published in accordance with the Electricity Market Rules.
The market price is used:
- Determining the annual estimate of funds for services meeting public interests (hereinafter referred to as “Public Interest Services”) for the coming calendar year;
- Calculating the public price of electricity;
- When determining the amounts to be paid to the recipients of VIAP funds, in accordance with the Administration description.
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Tags: July electricity market price