Baltic Companies to Curb Power Use as Price Hits 4,000 Euros
- Lithuania’s Norfa, Estonia’s Hansa Candle to cut consumption
- Baltic prices outstripping those in Europe’s biggest markets
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Companies in Europe’s Baltic region are reining in their power consumption after electricity prices soared to the highest on the continent.
Power for delivery from 6 p.m to 7 p.m. on Wednesday in Estonia, Latvia and Lithuania jumped as high as 4,000 euros a megawatt-hour, the upper limit allowed at auction, as natural-gas costs continued to surge. Baltic prices topped those elsewhere in Europe as demand ran ahead of available supply.