Lithuanian day-ahead prices fell 49% in mid-January, 36% in February
Two consecutive months of sharp price declines in the Lithuanian bidding zone point to sustained oversupply conditions in the Baltic market.
By Matthias Blank · drafted with the Vantage newsroom system, approved before publication
Lithuanian day-ahead prices fell 49% in mid-January 2024 and followed up with a 36% decline in February, according to Delfi reporting on Nord Pool figures. The back-to-back drops mark an unusually sustained price correction for the Baltic zone, which has historically been prone to price spikes driven by congestion on the NordBalt and EstLink interconnectors.
The available data covers the Lithuanian bidding zone only. It is not clear from the source material whether the declines reflect lower gas-price pass-through, higher wind output, weaker demand, or a combination; nor whether Latvia (LV) and Estonia (EE) moved in parallel. Absolute price levels are not reported.
For traders with Baltic exposure, two sequential months of this magnitude shift the short-run price distribution meaningfully. Whether the trend extended into March will depend on interconnector availability and wind conditions across the region.
Source: Nord Pool
Photo by Rafael Minguet Delgado on Pexels.
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