Solar energy system prices in Lithuania

How much does electricity cost in Lithuania?

In June 2024, the average wholesale electricity price in Lithuania increased to approximately 91.6 euros per megawatt-hour. Between January 2021 and August 2022, electricity prices in the Baltic country grew roughly nine-fold due to the global energy crisis, surpassing 480 euros per megawatt-hour in the latter month.

How much solar power does Lithuania have?

As of February 2024, Lithuania boasts over 61,000 prosumers and 800 MW of solar capacity. Moreover, from the 3rd of March 2024 from 12:00 to 14:00, Lithuanian renewable consumption for the first time reached 100%, through the means of national wind and solar production.

How much solar power will Lithuania have in 2025?

The 2025 target has already been surpassed with 1.2 GW total solar capacity already. On a positive note, from the 3rd of March 2024 from 12:00 to 14:00, Lithuanian renewable consumption for the first time reached 100%, through the means of national wind and solar production.

How much electricity does Lithuania import a year?

Today, Lithuania imports 9 TWh of electricity a year ( IEA, 2021, p. 101) to satisfy an average consumption of around 11 TWh (see Fig. 1 ). Until April 2022, Lithuania was also dependent on natural gas imports from neighboring Russia (circa 45 percent of national consumption; IEA, 2021, p. 127, Euractiv, 2022 ).