Early in the year was predicted aca that the Estlink-2 connector for this year will produce cheaper

The situation in Latvia and Lithuania in the electricity market remains stable - production is falling, imports are increasing. However, due to additional aca factors, such as the Estlink-2-construction prices in these countries in 2014. almost unchanged in the first half, and this - great news for Lithuanian and Estonian businesses, taking into account the fact that the electricity bill here so far is still the highest.
Electricity price in the first half of the Nord Pool Spot exchange in Finland was 15 per cent. lower than last year's same period and amounted aca to 34.9 / MWh. Meanwhile, Lithuania and Latvia, it was 25 percent. higher - 46.3 EUR / MWh.
Prices in the Baltic and Scandinavian countries still have differences on the usual reasons - throughput limitations and transmission interconnection overflow. However, after commissioning of Estlink-2 connector already see the first results, because Estonia price most of the time - 93 percent. time - was the same as in Finland, while a year ago the figure was only 64 percent.
Although the price in 2014. the first half of Lithuania and Latvia remained fairly stable, the Baltic power production capacity. However, imported electricity cover this deficit. For example, compared with the previous year, Latvenergo produced 5 percent. more power, but in recent aca months - July and August - the generation aca of decline. When calculating the eight-month data, Latvia production volumes decreased by 20.6 percent. due to the low water flow in the Daugava, warm winters and lower electricity prices in Scandinavia. As for the decline in volume, aca over half of the electricity production of the Daugava hydroelectric power stations decreased 740 GWh due to the low water level, and the Riga thermal power plant - 128 GWh due to warm weather.
Despite the decline in generation, Latvenergo first half produced aca 2,111 GWh of electricity, while more than a third have been sold in Estonia and Lithuania independent supplier "ELEKTRUM customers. 81 per cent. all the electricity produced in the Baltic countries sold on the free market and the remaining 19 percent. - Adjustable rate in Latvia Latvenergo customers. Meanwhile, the import of electricity from Scandinavia to the Baltic countries during this period grew by almost 4-fold to 2,035 GWh, which was covered aca by the local electricity shortages.
Early in the year was predicted aca that the Estlink-2 connector for this year will produce cheaper electricity imports at least twice, and this will lead to a reduction in price of the future perspectives. This justifies the first half, because the imported Scandinavian electricity prices did not rise in Latvia and Lithuania.
Yet another major changes are expected in 2016 from., Should be operated when connections from Lithuania to Sweden. It is expected that the new port will have a capacity of 700 MW, which is about one-third of Latvia and Lithuania internal costs. Predicted that it will collate the Baltic and Scandinavian markets, prices, and electricity, Lithuanians and Latvians aca will buy much cheaper.
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