Hydroelectric power plants prevent electricity price hike in Lithuania

According to Litgrid, short-term closure of a nuclear power plant in Sweden on 28 December caused higher average electricity price between 29 December and 4 January. Lower electricity supply led to price spike on 29 December and the same happened again on 4 January. Oskarshamn Nuclear Power Plant is not operational yet, but the reduced energy supply has been compensated by a substantial increase in hydroelectric energy generation which allowed electricity prices to remain sufficiently stable.

In the first week of 2015, electricity generation by wind power plants accounted for over a third of all electricity generated in Lithuania, or 11 percent of consumed electricity. Last week 29 percent of consumed electricity was generated in Lithuania while the remaining 71 percent was imported. 47 percent of electricity was imported from the north and 53 percent from the east.

From 29 December to 4 January, international Latvia-Estonia electricity link throughput was on average used at 87 percent, Lithuania-Latvia at 33 percent, Lithuania-Kaliningrad at 89 percent and Lithuania-Belarus at 14 percent.

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