Wholesale electricity pricing exhibited an upward trend when comparing June and July across various metrics. Specifically, the average wholesale electricity price in Lithuania was reported at 91.64 euros per MWh in June, increasing to 97.93 euros per MWh in July. Furthermore, a separate electricity price metric saw a rise from 43.01 euros in June to 46.29 euros in July.
Regarding future forecasts, Mantas Kavaliauskas, Commercial Director of Elektrum Lietuva, noted that while prices are currently anticipated to remain stable or increase compared to June, several factors may exert a moderating influence. These factors include geopolitical tensions in the Middle East, declining gas and oil prices, and the impact of weather conditions on electricity consumption and renewable energy output. However, M.
Kavaliauskas stressed that the most substantial determinants of electricity pricing in the coming weeks and months will remain weather patterns, overall consumption levels, and the output from renewable energy sources. He provided an international comparison, noting that in the Nordic countries this year, electricity demand was higher in July compared to June, and the corresponding electricity prices reflected this increase. Overall, the data indicates a pattern of rising costs in electricity markets when moving from June to July, though future stability is subject to variable external and internal market forces.
Topics: #electricity #june #july
