Cold drives electricity prices across Baltics higher

Electricity prices rose across the Baltic region last week amid a spell of cold weather, Elektrum Lietuva.

Prices in all three countries increased by 19% w-o-w, to 65.06 euros per megawatt-hour (MWh) in Lithuania, 64.83 euros in Estonia and 65.08 euros in Latvia, the independent electricity supplier said.

The Baltic countries’ total power consumption grew by 5% to 642 gigawatt-hours (GWh) and their¬†overall electricity production increased by 16 percent to 500 GWh.¬†Locally-generated electricity covered 78% of the region’s needs.

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