Thus, the common value for electrical energy within the Baltics in Could of this 12 months elevated by 26% in comparison with April and amounted to 75.85 euros per megawatt-hour (MWh). Final month, the hourly value of electrical energy within the Baltics ranged from -7.41 euros per MWh to 500.05 euros per MWh.
However general, the common month-to-month value within the Nord Pool system fell by 44% in comparison with the earlier month and amounted to 27.28 euros per MWh.
Blame it on summer time
The lower in costs within the Nord Pool system in Could is defined by the strategy of summer time – the air temperature was nearly 4 levels above regular, which contributed to a lower within the quantity of electrical energy consumed within the area by 14% in comparison with the earlier month.
On the identical time, electrical energy manufacturing decreased by 7%. Thus, the ratio of electrical energy technology and consumption within the Nordic nations reached 112%, which is 8 proportion factors greater than in April.
Electrical energy consumption within the Baltic nations additionally decreased in Could: whole consumption was 1,965 gigawatt-hours (GWh), which is 8% lower than in April and a couple of% lower than in Could final 12 months. Thus, in Latvia final month, 473 GWh of electrical energy was consumed, which is 8% lower than in April and 4% lower than in the identical interval final 12 months. However costs nonetheless went up.
In Could, the Baltic nations produced a complete of 1,490 GWh of electrical energy, which is 14% lower than in April, however 38% greater than in the identical interval final 12 months.
In Latvia, electrical energy manufacturing in Could amounted to 418 GWh, which is 44% lower than within the earlier month, however 30% greater than in Could final 12 months.
Within the Baltic nations, the ratio of electrical energy consumption and technology in Could was 76%. In Latvia, this ratio was 88%, in Estonia – 72%, in Lithuania – 71%.
Why are we overpaying?
Though alternate costs are normally the identical for all three Baltic nations, electrical energy in Latvia is rather more costly for the inhabitants than in Lithuania and Estonia. Grasping monopolies and the federal government have imposed taxes, duties and different levies on electrical energy.
Because of this, Latvia ranks ninth within the EU when it comes to electrical energy prices. It’s dearer solely within the richest nations of the European Union.
In line with Eurostat knowledge for the second half of 2023, the common value of electrical energy for households in Latvia was 0.2497 per kilowatt-hour. It was dearer solely in Eire (0.4590 euros), Austria (0.2990), Germany (0.2882), Luxembourg (0.2875), Belgium (0.2793), the Netherlands (0.2659), the Czech Republic (0.2582) and Italy (0.2565).
In Lithuania, a kilowatt value 0.1919 euros, in Estonia – 0.1826 euros.
Thank God, at the very least fuel in Latvia shouldn’t be so costly in comparison with different European nations – 0.0725 per kilowatt-hour (on common for the second half of 2023). However it’s nonetheless dearer than, say, in Denmark, Estonia, Poland and plenty of different EU nations.
#wind #blowing #Kilowatts #costly #Latvia #cheaper #Scandinavia
2024-06-28 15:20:31