Electricity prices rise across Baltics as production falls - Elektrum Lietuva

VILNIUS - Electricity prices in all three Baltic countries rose last week due to a decrease in wind power generation and other factors, Elektrum Lietuva said.  

Estonia recorded the steepest week-on-week increase in the average price of electricity, by 4.5 percent to 58.14 euros per megawatt-hour (MWh). The average price in Latvia rose by almost 3 percent to 58.56 euros and that in Lithuania was up by around 2 percent to 58.37 euros.  

Some of the factors that drove prices higher included dry and cold weather, the independent power supplier said, noting that water levels in hydro power plants' reservoirs did not rise amid a lack of precipitation.

The Baltic countries' overall electricity production contracted by 5 percent to 369 gigawatt-hours (GWh). Power generation remained unchanged at 141 GWh in Latvia, but declined by 7 percent to 181 GWh in Estonia and was down by 11 percent to 47 GWh in Lithuania. 

Locally-generated electricity covered 59 percent of the region's needs. Estonia generated 93 percent of its electricity and Latvia produced 88 percent. Lithuania met 18 percent of its needs.