Wholesale electricity prices fall across Baltics w/w - Elektrum Lietuva

VILNIUS - Wholesale electricity prices declined across the Baltic region last week, with the lowest price registered in Lithuania, Elektrum Lietuva said on Tuesday. 

Week-on-week, the average electricity price in both Lithuania and Latvia fell by 17 percent, to EUR 45.9 and EUR 46.1 per megawatt-hour (MWh), respectively, and moved down by 19 percent to EUR 45.7 in Estonia.

The independent electricity supplier said the prices were mostly driven down by increased power imports from the Nordic region and third countries.  

The Baltic region's total power consumption grew by 1 percent on September 30-October 6 week-on-week to 524 gigawatt-hours (GWh).

The three countries' overall electricity production decreased by 21 percent to 247 GWh, covering 47 percent of the region's needs.