How are electricity prices now that Baltics have disconnected from Russia? Minister explains the situation

The disconnection from Russia’s BRELL grid has not increased prices in Baltic States, said Minister of Climate and Energy Kaspars Melnis in an interview to LTV programme Rīta panorāma.

“There are positive trends,” said Melnis, adding that on Monday, for example, the price of electricity is cheaper than it was a week ago.

The minster also said that on the Nord Pool exchange on Monday, the 11th of February, the average price of electricity in Latvia is 146 EUR/MWh, while a week ago, on the 3rd of February, the average price of electricity in Latvia was 154 EUR/MWh.

At the same time, the information available on the Nord Pool exchange also shows that on Friday, the 7th of February, the average price of electricity in Latvia was 119 euros per MWh, on Saturday, the 8th of February, it was 63 EUR/MWh, but on Sunday, the 9th of February, it was 128 EUR/MWh.

It has already been reported that last weekend the Baltic States successfully disconnected from the combined energy system of Russia, or the so-called BRELL circle, and connected to the European single energy grid.

Including on the morning of Saturday, the 8th of February, the Baltic States, starting from the southern side, disconnected from the Russian network. Then, for about a day, the Baltic States worked in an isolated electricity system, but on Sunday, The 9th of February, through the Polish connection of Lithuania, the Baltic States connected to the unified electricity grid of continental Europe.