Electricity prices in Lithuania 2024
In 2024, the average wholesale day-ahead electricity price in Lithuania was € 0.0875 /kWh (▼7% vs 2023). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2024
| Month | €/MWh | €/kWh | MW |
|---|---|---|---|
| January 2024 | € 117.44 | € 0.1174 | 1,623 |
| February 2024 | € 74.86 | € 0.0749 | 1,472 |
| March 2024 | € 68.10 | € 0.0681 | 1,365 |
| April 2024 | € 60.36 | € 0.0604 | 1,312 |
| May 2024 | € 76.13 | € 0.0761 | 1,234 |
| June 2024 | € 92.28 | € 0.0923 | 1,218 |
| July 2024 | € 98.34 | € 0.0983 | 1,274 |
| August 2024 | € 107.09 | € 0.1071 | 1,250 |
| September 2024 | € 83.83 | € 0.0838 | 1,287 |
| October 2024 | € 92.22 | € 0.0922 | 1,520 |
| November 2024 | € 88.98 | € 0.0890 | 1,493 |
| December 2024 | € 89.82 | € 0.0898 | 1,474 |
Lithuania's electricity sector underwent radical change after the 2009 closure of the Soviet-era Ignalina nuclear plant, which had supplied 70% of generation and made the country a regional exporter. Litgrid, the national TSO, now runs an import-dependent grid covering ~75% of demand from Sweden (via NordBalt), Poland (LitPol), Latvia and Finland. Wind has grown rapidly to over 1.4 GW (~30% of consumption), supplemented by 700 MW of biomass CHP.
The country desynchronized from the Russian IPS/UPS system in February 2025 — together with Estonia and Latvia — joining the Continental European grid via Poland in a long-planned geopolitical move. Two offshore wind tenders for the Baltic Sea (700 MW each, online by 2030) will turn Lithuania into a structural exporter again.
The Visaginas nuclear plant, planned to replace Ignalina, was rejected by referendum in 2012 and remains shelved.