According to Deividas Šikšnys, Head of Market Development at Litgrid, local production changes had the greatest impact on prices in May.
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“In Lithuania, power plants ensured 93% of the demand, but during the day, more stable wind generation decreased, partially compensated by a 57% increase in solar production. During the day, this helped maintain a lower price level, especially at the end of the month, when prices were often close to zero, and sometimes even negative,” said D. Šikšnys in a statement.
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