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July 2024 Energy Market Overview by Competition Authority

28.08.2024 | 🇪🇪 Estonian competition authority

The Estonian Competition Authority's report on the energy markets in July 2024 reveals insights into electricity and gas prices, influenced by maintenance works and transmission constraints.


In July 2024, the average electricity market prices in Estonia, Latvia, and Lithuania were reported, with Estonia at €97.97/MWh, Latvia at €98.02/MWh, and Lithuania at €16.74/MWh. Factors affecting Estonia's prices included long-term maintenance works at local power plants and transmission constraints with Latvia.

The report also forecasts future electricity and gas prices, indicating the highest expected prices in the first quarter of 2025. Additionally, it covers the average gas price traded on the Baltic-Finland gas exchange and compares electricity and gas package prices, highlighting the most cost-effective options available.

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