According to Deividas Šikšnys, Head of Market Development at Litgrid, while Central, Southern, and Southeastern Europe were suffering from heatwaves and droughts limiting electricity production, the situation in the Baltic countries and Northern Europe was the opposite – more electricity was produced.
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“There was a significant increase in wind power generation here, and in Lithuania, local power plants ensured up to 91% of the country’s electricity demand. Due to higher renewable energy production, the average wholesale electricity price in Lithuania decreased in July,” said D. Šikšnys in a statement.
In Latvia, electricity cost 75 euros per MWh, in Estonia – 44 euros, in Poland – 112 euros. Litgrid emphasizes that electricity in Lithuania was cheaper than in Sweden’s fourth (southern) price zone, where it cost 75 euros.
The average price in Lithuania a year ago was 46 euros, and in 2024 – 98 euros.
Electricity demand in Lithuania last month preliminarily reached 1073 gigawatt-hours (GWh) and was 2% higher than in June.
978 GWh of electricity was produced – 11% more, and local power plants ensured 91% of the demand.
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Wind power plants produced the most electricity – 40% of total production, their output grew by 58% to 392 GWh. Solar power plant production fell by 10% to 381 GWh (39% of all local production).
Hydropower plants produced 78 GWh, thermal plants – 77 GWh, and other power plants – 50 gigawatt-hours.
Total electricity imports decreased by 13% to 381 GWh over the month. 52% of electricity was imported from Latvia, 41% from Sweden, 7% from Poland.
Meanwhile, exports in July decreased by 1% to 296 GWh – 43% of export flows were directed to Sweden, 34% to Poland, 23% to Latvia.
