Nov. 5 (Bloomberg) -- Estonia will maintain a power surplus for the next 10 years, even during peak winter demand, while neighbors such as Lithuania strive for electricity independence and lower prices, the country’s grid operator said.
The northernmost of the Baltic nations, Estonia will have 2,042 megawatts of net available production this winter, more than enough to meet demand, even if average weekly temperatures are below minus 17 degrees Celsius (1 Fahrenheit) during the country’s October-March cold season, Elering AS said.
“Estonian peakload demand could reach 1,640 megawatts, or even more than 1,700 megawatts during an especially cold winter,” the company said today in a report on its website. Peakload demand in the next 10 years is set to grow by 1.8 percent annually to as much as 2,000 megawatts by 2022, leaving a surplus margin in supplies of 250 megawatts or more, it said.
Lithuania suffers from an energy deficit and imported 75 percent of its power use in the second quarter, according to data from Elering. Reliance on imports has pushed Lithuania’s average power price to 40.29 euros ($51.51) a megawatt-hour so far this month, the highest on the the Nord Pool Spot AS exchange in Oslo, compared with 37.87 euros for Estonia and 34.32 euros for the Nordic countries, according to data from the exchange.
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