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At that time, the monthly average price of electricity at the points of sale in Latvia increased by 19%. and was 53.54 euros per megawatt hour (MWh), in Estonia the price of electricity increased by 18 percent. and it costs € 53.55 per MWh.
In the Baltic States, the price range per hour ranged from € 11.08 per MWh to € 121.63 per MW.
“In the Baltic States, fluctuations in electricity prices were influenced not only by the level of electricity prices on the stock exchange, but also by 31 percent. Lower energy flows from Finland and 40 percent. – of the SE4 zone in Sweden. At the same time, Russia’s energy flows have almost tripled compared to December, “says Martynas Giga, director of the electricity supply company Elektrum Lietuva, in the report.
Nord Pool’s average electricity system prices also increased last month, more than doubling from € 20.09 per MWh to € 45.81 per MW. It is noted that the main factor that increased the price was cold weather, when the air temperature fell below the perennial average rate. As a result, compared to 2020. In January, demand in the Nordic countries increased by 14%.
In January, compared to the same month last year, due to colder weather conditions, electricity consumption in all Baltic countries increased by 4% to 2,645 gigawatt hours (GWh). In Lithuania, this indicator increased by 3% to 1,141 GWh, in Latvia 1% to 662 GWh, in Estonia 9% to 842 GWh.
In January, the amount of electricity produced jointly in the Baltic countries increased by 4% to 1,467 GWh. In Latvia and Estonia, electricity production increased by 19% each, averaging 598 GWh and 511 GWh per month, respectively. Lithuania was the only one of the three countries that produced less electricity in January; Compared to December, electricity generation capacity decreased by 26% to 357 GWh.
Last month, the total generation in the Baltic countries accounted for 55 percent. all electricity consumed. In Lithuania, the ratio of production to consumption was 31%, in Latvia – 90%, in Estonia – 61%.
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