Dry weather contributes to the increase of the electricity market – Industries – Financenet

She stated that prices in the North Pool area continued to increase in June of this year and that growth was recorded in all commercial areas. In the Baltic countries, the average monthly prices were different. In Latvia and Lithuania, they increased by around 17% and were respectively 50.91 euros per megawatt hour (MWh) and 51.05 euros per MWh. In Estonia, compared to May, the rise in prices was 24% to 47.79 euros per MWh

The average hourly price per month was 4.3 euros per MWh, while the highest price was EUR 94.08 per MWh. The average price in June was 45.33 euros per MWh, or 32% more than in May. Prohorova admitted that rising prices throughout the region also helped to narrow the gap between Baltic and Scandinavian trading areas – the difference with Estonia was 2.5 euros per MWh, Latvia and Lithuania is not nearly six euros per MWh. "The region is mainly influenced by the hot and dry weather that has had a significant impact on the performance of hydroelectric reservoirs – it is one of the main determinants of prices in Northern Europe. expert

She also pointed out that the dry and hot weather of June was a major factor influencing the development of the Daugava hydroelectric power station (HES). Compared to May, the development in June was reduced by 70% and produced only 82 GWh, but in June of the previous year, production was half of 152 GWh.

With the decrease in HES production by 153% the development of thermoelectric power stations (TEC) up to 115 GWh compared to May, 37% more than the level of production of TEC last June [19659005] [ad_2]
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