The average price of electricity in Nord Pool’s Lithuanian bidding area rose by 3 per cent last week from a week earlier to 39.8 euros per megawatt-hour amid an increase in Scandinavian power prices, Litgrid said on Monday, Oct. 31. Year-on-year, the average price in Lithuania dropped by 22 per cent.
“Prices in the Baltic countries rose due to a lower supply of cheaper electricity from the Nordic countries. Lithuania imported two-thirds of its electricity, of which 6 per cent came from Sweden; 38.7 per cent from Latvia, Estonia, and Finland; and the rest from third coun...
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