Total electricity generation within Lithuania experienced a decline last week, primarily attributed to a 25% reduction in solar power output. Despite this decrease in overall production, local power plants were responsible for supplying 77% of the nation’s total electricity demand. Furthermore, import flows increased, with electricity imported from Sweden accounting for half of the total electricity brought into Lithuania.
Market observations revealed significant fluctuations in the electricity price structure over the weekend. According to market analysts, the electricity price recorded extremely low levels, with Sunday seeing rates near 0 EUR/MWh or even negative. Regarding consumption, electricity demand in Lithuania saw a slight dip of 3% compared to the previous week, falling from 248 gigawatt-hours (GWh) to 240 GWh.
Total electricity production for the week reached 184 GWh, marking a 15% reduction from the prior week’s generation of 100 GWh. These figures illustrate the shifting dynamics within the Lithuanian electricity market, where supply management and international pricing mechanisms significantly influence the cost and availability of power.
Topics: #electricity #lithuania #price
