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Electricity Prices Rise Another 3% in a Week Due to Increased Consumption
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Cool and cloudy weather last week increased electricity consumption and led to low solar power generation. Due to repair work at the Kruonis transformer substation in the Baltic States, electricity trade with the Nordic countries has been restricted until October 30. On Monday morning, the price of electricity jumped to 1,051 Eur/MWh, but by 12 o'clock it had already fallen to 65 Eur/MWh.
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