Electricity prices could jump by half in September, experts warn
Translated from Lithuanian and summarized by DistantNews. Read the original for the full story.
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- Lithuania’s wholesale electricity price rose about 6% in August to €80 per megawatt-hour.
- Experts warn that prices could increase by about 50% in September as renewable generation falls, cheaper imports remain limited and fossil-fuel generation becomes more expensive.
Electricity prices in Lithuania could rise by half in September after increasing about 6% in August, according to expert forecasts.
The wholesale market price reached €80 per megawatt-hour last month. Experts attribute the possible September surge to three pressures affecting supply and generation costs.
Renewable electricity production is expected to decline, while imports of cheaper power are being restricted. At the same time, generating electricity from fossil fuels is becoming more expensive.
Together, these factors could push the market price up by roughly 50% in September.
About this summary
Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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