Experts deny Sweden has carried out its threat to restrict electricity exports after morning and evening electricity price spikes surged to over €800 per megawatt-hour in recent days. However, no electricity has flowed through the Lithuania–Sweden cable during those hours.
In mid-March, Sweden, the largest electricity exporter in Northern Europe, announced that it may limit electricity exports to neighboring countries if the European Commission does not abandon a proposal requiring grid operators to allocate part of their congestion revenues to cross-border infrastructure projects supported by the European Union.
Looking at electricity prices on the Nord Pool exchange in recent days, it appears that evening and morning price peaks have been very high. For example, on Monday morning between 7:30 a.m. and 7:45 a.m., the price per megawatt-hour exceeded €800, and in the evening around 9 p.m., the price approached €400.
The cable between Poland and Sweden is officially under maintenance. However, during the day, cheap local wind and solar energy moves toward Sweden via the Lithuania–Sweden cable. From evening until morning, the Swedish grid operator has closed the cable, and no electricity flows from there to the Baltic region.
Read more: ERR.EE
