From September 7 to 13, the average price in the Lithuanian price zone of the Nord Pool exchange increased by 35% to 114 euros per megawatt-hour (MWh). In Latvia, the electricity price was the same, while in Estonia it was 63 euros.
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Deividas Šikšnys, head of the Market Analytics Department at Litgrid, says that the NordBalt connection repair, which started last Wednesday, reduced trading capacities, while the natural gas price in Europe reached its highest level since December 2022.
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