The average wholesale electricity price in Lithuania for July saw a notable decrease, falling by 19% compared to the same month last year, settling at 76 Eur/MWh. This figure represents a 25% reduction when benchmarked against the EU average price for July, which reached 102 Eur/MWh. For context, the average price in Lithuania during July of the previous year was 46 Eur/MWh.
A significant shift in energy sourcing was observed this month. Last year, imports of electricity from the low-cost zone via the “Estlink 2” connection between Finland and Estonia accounted for 31% of total consumption; however, this year’s July import share dropped substantially to just 0.3%. When examining regional trends, other Baltic nations also reported prices below the EU average.
Estonia recorded an average electricity price of 44 Eur/MWh, which is approximately 57% lower than the EU average. Latvia reported a price of 75 Eur/MWh, marking a decrease of about 19% month-over-month and placing it 26% below the EU average. Overall, the data indicates varied pricing dynamics across the Baltic region during the month of July, with substantial price fluctuations noted across national markets.
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