Lithuania had its most expensive power of the year on Monday: 61 cents/kWh on average for consumers, peaking at 92 cents

Electricity in Lithuania reached its highest level of the year on Monday, 9 November: on average about 61 cents per kWh including taxes, according to supplier Elektrum Lietuva, quoted by LRT/ELTA and tv3.lt/BNS. The biggest jumps were expected between 15:45 and 20:45. At the peak, between 17:45 and 18:00, the wholesale price of €669/MWh translates, under the “Standartinis” tariff with distribution and other charges, into 92.12 cents per kWh. According to Elektrum, similar prices were last recorded only in 2024.

Why. Elektrum Lietuva commercial director Mantas Kavaliauskas attributed the jump to weak wind and solar output, higher consumption in colder weather, limited imports and expensive gas. In November, wind and sun cover about 20% of Baltic demand, compared with about 40% in October. According to LRT, transmission limits between Estonia and Latvia keep Finnish electricity, at about €15/MWh, away from Lithuania until 22 November, imports from Poland are limited to roughly 180 MW, and one unit of the Elektrėnai power plant is under repair.

The figures. According to Litgrid, quoted by BNS, in the week of 3–8 November the average wholesale price in the Lithuanian zone rose by 58% to €278/MWh, compared with €265/MWh in Latvia, €186/MWh in Estonia and €272/MWh in Poland. Consumption rose by 3% to 281 GWh, and local power plants covered 63% of demand. Wind farms produced 95 GWh, or 54% of generation, solar 22 GWh, hydropower 14 GWh and thermal plants 28 GWh. Imports fell by 3% to 151 GWh, 80% of them from Latvia.

Context. Deividas Šikšnys, head of market analysis at Litgrid, said prices have risen in many European markets and for now depend heavily on the price of gas. The surge began in early November: on 2 November the daily wholesale average was €347/MWh, and on 3 November above €300/MWh, according to LRT.

What comes next. Elektrum Lietuva expects prices to fall in the coming days as stronger wind is forecast from 12 November. Kavaliauskas warned, however, that it is too early to expect a return to October levels while grid limits and reactor outages in Sweden persist.

Real-time data for the country are on the country page