VILNIUS - Wholesale electricity market prices dropped by 25 percent to EUR 39.9 per megawatt-hours in all three Baltic countries last week, the Lithuanian power transmission system operator said on Monday.
"As temperatures continued to rise and power consumption in the country declined, electricity prices fell by a quarter," Liutauras Varanavicius, director of Litgrid's Strategy Department, said in a press release.
"This was mostly due to two reasons: falling electricity consumption and high wind generation in the country," he added.
Lithuania's power consumption fell to 216 gigawatt-hours (GWh) last week. Domestic production decreased by 17 percent to 70 GWh, covering 32 percent of the country's needs.