In June, the cost of electricity in the Baltic States demonstrated notable increases. According to company data, prices in Latvia rose by 12%, reaching 92.32 EUR/MWh, while Estonia experienced a 7% increase, settling at 64.25 EUR/MWh. Neringa Petrauskienė, head of Elektrum Lietuva, attributed the growth in regional electricity prices during June primarily to a significant decline in wind power generation.
Although the region benefited from increased imports of cheaper electricity from Northern sources and saw higher output from solar power, these factors were insufficient to counteract the shortfall from wind generation. Petrauskienė noted that this situation underscores the dynamic nature of the regional energy market. She stated that electricity prices are determined by the intricate balance among various production sources, prevailing weather conditions, and the flow of electricity across national borders.
Furthermore, overall electricity imports into the Baltic States rose by 15% in June compared to the previous month. The primary driver for this increase was a 7% rise in electricity flows originating from Sweden. These figures illustrate that while external sources provided some relief, the regional supply remains highly sensitive to fluctuations in primary generation methods and cross-border energy trade.
Topics: #electricity #rose #june
