Estonia’s industrial production declined by 5.8% at constant prices on year in July 2024, according to Statistics Estonia, ERR reports. Output rose by 16.9% in mining and 16.3% in electricity production, but fell by 7.8% in manufacturing. The volume of industrial production declined in more than two thirds of manufacturing sectors. Meanwhile, sales of manufacturing…
The Estonian-Finnish undersea power cable, EstLink 2, will resume operations after repairs on 4 September 2024, BNS reports. The power interconnection was shut down due to a fault in late January 2024. The repairs involved replacing around 300 metres of cable and connection joints. Shore reinforcement and surface works and removal of temporary structures will…
Latvia’s industrial production rose by 1.4% on year in July 2024, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Output in manufacturing declined by 6.4%, while output in mining and quarrying increased by 6.1% and in electricity and gas supply by 66.0% over a year. Compared to June 2024,…
Electricity prices in Estonia will increase significantly following the planned decoupling from the Russian electricity grid in February 2025, Postimees reports. Currently, the rate for production and consumption stands at just EUR 0.04 per MWh. Estonia’s transmission system operator, Elering, has proposed raising the rate to as much as EUR 5.31 per MWh, largely due…
The Baltic power transmission system operators (TSOs) have notified Russia and Belarus of their intention to decouple from the Russian-controlled IPS/UPS electricity system in February 2025, ERR reports. Estonia’s Elering, Latvia’s Augstsprieguma Tikls (AST), and Lithuania’s Litgrid informed the Russian and Belarusian TSOs that they would not extend the BRELL parallel energy system operation agreement….
The Baltic power transmission system operators (TSO) will notify Russia and Belarus about their decision to withdraw from the so-called BRELL agreement and the Moscow-controlled IPS/UPS transmission system in the coming weeks, Lithuania’s Ministry of Energy announced, BNS reports. The Baltic TSOs are fully ready to synchronise their power grids with the continental European system…
Consumer prices in Latvia rose by 1.4% in June 2024, compared to the same month in 2023, according to data from the Central Statistical Bureau of Latvia (CSP), LETA reports. Compared to May 2024, consumer prices dropped by 0.1%, however. Average prices in a 12-month period rose by 1.9% when compared to the previous 12…
Estonia’s transmission system operator, Elering, plans to replace the damaged EstLink 2 undersea power cable by the end of August 2024, ERR reports. Preparatory work is ongoing, with the reserve cable sourced from Sweden. The power cable, which links Estonia and Finland, failed unexpectedly in January 2024. The fault was located at a complex point…
The planned synchronisation of the Baltic electricity grids with Western Europe in February 2025 will slightly increase electricity prices for consumers, according to Lithuanian Energy Minister Dainius Kreivys, BNS reports. The impact on prices will be minimal, around a few percent, he said. Lithuanian power grid operator Litgrid estimates that the synchronisation will cost consumers…