„Litgrid“: decreased wind production and increased exports raised electricity prices by 70%

From August 10 to 16, the average price in the Lithuanian price zone of the Nord Pool exchange increased by 70% to 67 euros per megawatt-hour (MWh). In Latvia, the price was the same, in Estonia – 44 euros, Litgrid reported on Monday.

Read more China’s retail sales volume and industrial sector activity in July did not meet expectations

Deividas Šikšnys, head of the Market Development Department at Litgrid, says that prices remained low during sunny periods on weekends and weekdays, but the evening price peak and high price at night caused the average price to be higher.

Read more At the Kaunas court – a case of drug distribution: one of the trio was also caught for child pornography