High Baltic power prices due to low renewable generation, cable shutdown: official


  • World
  • Wednesday, 12 Feb 2025

VILNIUS, Feb. 11 (Xinhua) -- Baltic electricity prices on the Nord Pool exchange were driven up by low renewable energy generation, the malfunction of the EstLink 2 cable between Finland and Estonia, higher consumption, and rising natural gas prices, a leading energy official said on Tuesday.

Renatas Pocius, chairman of Lithuania's National Energy Regulatory Council (NERC), told local radio broadcaster LRT: "At the moment, we have what is known in Europe as 'dunkelflaute,' a unique situation in which neither wind nor solar power is generating electricity. We have an absolute calm today in Lithuania, and the sun isn't shining in our region either. Renewable generation is producing very little electricity."

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