Combined cycle unit of Elektrėnai Power Plant increased electricity generation due to significant price hike in the Nord Pool Spot power market. Thursday afternoon the unit was generating electricity at 420 MW capacity, thus ensuring the security of electricity supply. For comparison, almost the whole time since mid-April the unit was operating at the minimum capacity of around 235 MW.
© DELFI (A.Didžgalvio nuotr.)

Electricity prices are rising in the Lithuanian bidding area due to significant increase of electricity prices in Finland. Moreover, the supply in the market is lower due to maintenance of thermal power plants in Latvia and Kaliningrad.

Due to this reason, on 8 October electricity in the Lithuanian trading area cost EUR 96.5 per MWh on average. During certain hours the price soared to EUR 200 per MWh. Meanwhile, the average electricity price in the Lithuanian bidding area in September was EUR 44 per MWh. Therefore, responding to price hikes in the market, electricity generation in the combined cycle unit was increased nearly to the maximum, which helped stabilise prices. On Friday the average electricity price in the Lithuanian bidding area was already by 28 percent lower - EUR 69.36 per MWh.

In the summer season Elektrėnai Power Plant generates enough electricity to ensure supply security as agreed with the transmission system operator Litgrid. In 2015 the facility began operating on 15 April and was expected to do so until 15 October, but if prices in the market remain as high as on 8-9 October, then the combined cycle unit will continue to operate.

It is forbidden to copy the text of this publication without a written permission from ELTA.
Įvertink šį straipnį
Norėdami tobulėti, suteikiame jums galimybę įvertinti skaitomą DELFI turinį.
  • 1
  • 2
  • 3
  • 4
  • 5
(0 žmonių įvertino)
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuania now has substantial legal arguments to deny access for electricity produced in the unsafe Astravyets Plant

On 7 February 2019, the Meeting of the Parties to the Convention on Environmental Impact Assessment in...

Lietuvos Energija calls for strategic partners to develop offshore wind energy projects

Lietuvos Energija , one of the largest state-owned energy companies in the Baltic States, announces...

Belarus picked site for Ostravyets NPP in violation of convention - Espo

On 7 February, the Meeting of the Parties to the Espoo Convention in Geneva decided that Belarus had...

Lithuania to purchase liquefied natural gas from Total

Lithuania has signed a liquefied natural gas (LNG) purchase contract with energy company Total Gas...

Lietuvos Energijos Gamyba initiates a unique pilot project in the Baltics – a battery energy storage system in the Kaunas hydropower plant

Lithuanian state-owned enterprise Lietuvos Energijos Gamyba , a part of Lietuvos Energija Group,...