In March 2024, compared with February 2024, the wholesale price of electricity decreased by 9% in Lithuania to EUR 68.29/MWh. In Latvia and Estonia, electricity prices decreased by 10% in a month to EUR 68.26/MWh.
Electricity
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On Wednesday, President Gitanas Nausėda opened the Baltic Sea High Level Energy Security Meeting at Vilnius Town Hall, said the president’s press service.
Average wholesale electricity price decreased by 11% in Lithuania last week and was the lowest this year, shows data published by Litgrid, Lithuania’s electricity transmission system operator.
Renewable energy remains at the core of Lithuania’s updated national energy independence strategy, while installing small nuclear reactors in the country is only one of the options set out in the strategy, says the energy minister. State institutions will not be building them, he says.
President Gitanas Nausėda welcomes discussions on the possibility to install small nuclear reactors in Lithuania when developing the renewable energy sector.
EPSO-G Group, a group of energy transmission and exchange companies, has reported that its audited adjusted net profit for 2023 amounted to EUR 24 million and remained stable compared to EUR 24.7 million in 2022. The Group’s investment in projects to strengthen energy independence was a record of al...
Enefit Green erected the first 230-metre wind turbines in Kelmė I wind farm (80 MW) located in western Lithuania. A total of 14 wind turbines will be installed, which will start producing about 270 gigawatt-hours of renewable energy per year, Enefit Green said in a press release.
In February 2024, compared with January 2024, wholesale electricity price in Lithuania was by 36% lower and stood at EUR 74.78/MWh. Electricity price in Latvia dropped by 36% to EUR 74.78/MWh, while in Estonia it dropped by 40% to EUR 75.52/MWh.
The Baltic States should join their bidding zones to boost competition in the electricity supply market, says Lithuania’s energy regulator.
On 29 January-4 February, compared with the previous week, the wholesale price of electricity in Lithuania, Latvia and Estonia fell by 21% and stood at EUR 64.4/MWh on average.
Lithuania has increased its electricity generation last year, mainly due to a double growth in the production from renewable energy sources, the Energy Ministry says.
Ignitis, a smart energy solutions company that operates Ignitis ON, the largest fast charging network for electric vehicles in Lithuania, signed a contract with OG Elektra AS for the installation of zero-emission fast chargers for electric vehicles in the parking lots of 25 Grossi stores across Esto...
On Wednesday, the Government decided that the tender for the right to develop the second 700 MW offshore wind farm would be launched on 15 January 2024, reports the Ministry of Energy.
Finland and Estonia have reported that gas pipeline Balticconnector connecting the two countries was shut down on Sunday due to a gas leak and it is believed that damage was caused deliberately by external activity. Following these reports, Lithuania’s Minister of Energy Dainius Kreivys stated that ...
In 2022, Vilnius-based biotechnology company UAB Thermo Fisher Scientific Baltic posted the highest profit in Lithuania at EUR 626.5 million, business news website vz.lt reports.
On 4-10 September, compared with the previous week, wholesale electricity prices in Lithuania and Latvia increased by 14% to EUR 127.48/MWh. In Estonia, electricity price rose by 13% to EUR 122.82/MWh.
On 28 August-3 September, compared with the previous week, wholesale electricity price in Lithuania and Latvia fell by 22% to EUR 111.82/MWh, while it fell by 29% to EUR 109.06/MWh in Estonia.
According to independent electricity supplier Elektrum Lietuva, wholesale electricity prices in Lithuania and Latvia rose by 23% to EUR 142.58/MWh on 21-27 August, compared with the previous week. In Estonia, wholesale electricity price soared by 93% to EUR 153.39/MWh.
On 31 July-6 August, compared with the previous week, the wholesale price of electricity in Lithuania dropped by 29% to EUR 69.8/MWh. In Latvia and Estonia electricity prices fell by 35% to EUR 63.21/MWh.
Electricity distribution company Energijos skirstymo operatorius (ESO) has restored power to 10,000 households in Lithuania after Monday’s thunderstorms, but some 4,000 customers are still without power.
