Latvian electricity market overview

The net electricity consumption in Latvia totalled 557 574 MWh, average Nord Pool day-ahead price for Latvian bidding area decreased to 23.52 EUR/MWh. Local generation covered 68% of national consumption.

ELECTRICITY GENERATION IN LATVIA APRIL 2020

Generation type

Current period, MWh

Relative changes from the previous month

Previous year (April 2019), MWh

Daugava Hydro

209 031

-56%

289 733

 Thermal*

61 543

-20%

90 206

Wind

14 449

-13%

11 436

Cogeneration (up to 10MW)

28 541

-9%

36 811

Biomass (up to 10MW)

33 776

-8%

36 903

Biogas (up to 10MW)

26 192

-1%

28 101

Small Hydro (up to 10MW)

6 240

-49%

5 933

Solar

269

72%

226

 Production (Total)

380 041

-44%

499 348

* Rīgas TEC-1, Rīgas TEC-2, AS "Rīgas Siltums", SIA "Juglas Jauda", SIA "Fortum"

LATVIAN ELETRICITY IMPORT/EXPORT
 

Current period, MWh

Relative changes from the previous month

Previous year (April 2019), MWh

Electricity import to Latvian electricity grid

331 782

38%

406 630

Export from Latvian electricity grid

154 249

-46%

325 693

Net exchange SALDO

117 532 (deficit)

495%

80 937 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period, MWh

Relative changes from the previous month

Previous year (April 2019), MWh

Latvian electricity consumption

557 574

-13%

580 286

Consumption share covered by local generation

68%

-39.0 (percentage points)

86%

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average monthly  utilization[1] , %

Relative changes from the previous period (percentage points)

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV -> LT

9%

-10

0.0%

33.0%

EE -> LV

40%

17

0.0%

89.6%

LBI -> LT

16%

2

0.4%

46.1%

LT -> LV

15%

8

0.0%

76.5%

PL->LT

24%

3

0.0%

94.6%

LT->PL

33%

-16

0.0%

80.6%

SE4->LT

94%

1

79.4%

100.0%

FI->EE

80%

12

29.1%

99.6%

LV>EE

7%

-0

0.0%

67.4%

EE>FI

0%

-0

0.0%

3.2%

LKAL>LT

93%

6

29.1%

100.0%

LT>SE4

0%

-0

0.0%

0.0%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES AND EU
 

Current period, MWh

Relative changes from the previous month

Previous year (April 2019), MWh

Import from 3rd countries to the Baltic States

183 024

-24%

397 061

Import from EU countries to Baltics

1 139 517

8%

575 421

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (April 2019) MWh

Lowest fixed hour price EUR/MWh

Highest fixed hour price EUR/MWh

Lowest fixed daily price EUR/MWh

Highest fixed daily price EUR/MWh

NP Finland

19.82

-3%

41.44

1.24

109.11

4.04

36.22

NP Estonia

23.69

-1.4%

42.18

1.24

109.11

4.25

36.22

NP Latvia

23.52

-2.1%

43.52

1.24

59.57

4.25

34.42

NP Lithuania

23.31

-3%

43.52

1.24

59.57

4.25

34.42

NP Sweden (SE4)

13.74

-14%

39.92

1.24

57.31

2.44

27.54

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price, %

Relative changes from the previous month

Previous year (April 2019), %

NP FI & EE

61%

-12.6

93%

NP EE & LV

97%

-3.1

90%

NP LV & LT

98%

-1.5

100%

NP LT & SE4

34%

-9.0

70%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price, EUR/MWh

Relative change from the previous month, %

April 2019 imbalance price

Estonian imbalance price[2]

25.58

-23%

42.07

Latvian imbalance price

25.63

-23%

43.72

Lithuanian imbalance price

25.54

-23%

43.72

 

Total activated energy by source country, MWh

Change compared to previous month

 

Up

Down

Up

Down

Estonia

688

299

-72%

-70%

Latvia

2983

4558

28%

14%

Lithuania

3751

1262

-54%

-2%

Finland

1530

11533

-45%

54%

Sweden

567

4574

-41%

-14%

 

Average standard bid amount in hour, MW

Change compared to previous month

% of hours with no standard bids

 

Up

Down

Up

Down

Up

Down

Baltics

302

266

0%

-24%

0%

12%

Estonia

7

1

-68%

-89%

2%

69%

Latvia

137

98

9%

-29%

7%

30%

Lithuania

158

166

3%

-16%

2%

28%

 


[1] Utilization = monthly sum of commercial flow (MWh) / monthly sum of Net Transfer Capacity MWh.

[2] Imbalance is energy volume representing the difference between the allocated volume and the final position within a given imbalance settlement period