News & events

2014-06-19

Hydroelectric power plants generated one tenth of the electricity consumed in May, in Lithuania

Hydroelectric power plants operating in Lithuania generated 83 million kilowatt-hour electricity, or one tenth of the electricity consumed during the last month in the country. It is 61% of the total electricity generated in the country. Another quarter of the electricity was generated by wind farms: almost 38 million kilowatt-hours or 23% of the locally-generated electricity. In May, if compared with April, electricity generation was decreasing in all types of power plants, except hydroelectric ones.
 
Nearly 85% of the electricity consumed during May was imported, same as in April.  Decreasing electricity supply in the Northern Europe due to the scheduled repairs of two power plants in Sweden caused changes in the structure of electricity supply to Lithuania: import from the Northern countries has dropped down by 14%, while import from Russia and Belarus was experiencing 46% growth.
 
The average electricity price in May 2014 on the Nord Pool Spot exchange in the Lithuanian and Latvian trading zones was 17.8 cent per kilowatt-hour. The average electricity price in the Scandinavian trading zones of the Nord Pool Spot in May, if compared with April, was also growing and was 12.1 ct/kWh. Despite decreased electricity consumption, electricity prices on the Scandinavian market were growing mainly due to the scheduled repairs of the nuclear power plants followed by decreased electricity supply.  In May, the average monthly electricity price on the exchange was 12.7 ct/kWh in the Estonian trading zone, 12.6 ct/kWh in Finland, or 16% higher if compared with the prices in April.
 
In May, the electricity import capacity of the Lithuania-Belarus international links was used by 30% on average, Lithuania-Kaliningrad by 76%, Latvia-Estonia by 97%.  
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