According to independent electricity supplier Elektrum Lietuva, the average price of electricity in the Nord Pool power market decreased by 18% to EUR 24.47/MWh.
In the Baltic States, electricity consumption in July 2024 stood at 1,994 GWh, a 4% increase compared with July 2023 and a 6% increase compared with June 2024.
In July, Lithuania consumed 979 GWh of electricity or 11% more than in June. Latvia consumed by 1% less electricity or 480 GWh, while Estonia by 4% less or 535 GWh.
The Baltic countries on aggregate generated 1,227 GWh of electricity in July 2024, by 4% more than in June 2024.
Lithuania generated by 6% more electricity or 632 GWh, Latvia by 38% more while Estonia by 12% less.
The Baltic countries on aggregate generated 62% of electricity needed for consumption last month. Electricity generation in Lithuania satisfied 65% of the country’s electricity consumption demand, compared with 48% in Latvia and 68% in Estonia.