Latvian electricity market overview

The net electricity consumption in Latvia totalled 620 059 MWh, average Nord Pool day-ahead price for Latvian bidding area decreased to 28.05 EUR/MWh. Local generation covered 97% of national consumption.

ELECTRICITY GENERATION IN LATVIA

Generation type

Current period MWh

Relative changes from the previous month

Previous year (February 2019) MWh

Daugava Hydro

353 614

-8%

144 322

Thermal*

127 773

9%

198 995

Wind

22 570

-5%

16 941

Cogeneration (up to 10MW)

29 865

-5%

42 366

Biomass (up to 10MW)

34 489

-3%

34 382

Biogas (up to 10MW)

23 417

-8%

27 407

Small Hydro (up to 10MW)

11 756

6%

6 978

Solar

44

207%

46

 Production (Total)

603528

-4%

471 437

* 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 (February 2019)  MWh

Electricity import to Latvian electricity grid

328 482

-5%

396 706

Export from Latvian electricity grid

311 951

-1%

250 474

Net exchange SALDO

16 531  (deficit)

-48%

146 232 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period, MWh

Relative changes from the previous month

Previous year (February 2019) MWh

Latvian electricity consumption

620 059

-6%

617 669

Consumption share covered by local generation

97%

2.2 (percentage points)

76%

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average monthly  utilization[a], %

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

15%

-4

0.4%

43.5%

EE -> LV

25%

-2

3.4%

46.5%

LBI -> LT

19%

-11

8.2%

44.6%

LT -> LV

14%

5

0.0%

62.9%

PL->LT

8%

4

0.0%

40.8%

LT->PL

61%

1

16.9%

91.4%

SE4->LT

92%

20

20.7%

100.0%

FI->EE

73%

-14

20.0%

97.6%

LV>EE

11%

8

0.0%

59.3%

EE>FI

0%

0

0.0%

5.4%

LKAL>LT

96%

-2

20.0%

100.0%

LT>SE4

1%

-1

0.0%

17.1%

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

Current period, MWh

Relative changes from the previous month

Previous year (February 2019), MWh

Import from 3rd countries to the Baltic States

342 104

-30%

532 463

Import from EU countries to Baltics

981 212

2%

493 507

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (February 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

24.43

-10%

46.76

-0.20

77.28

7.76

44.09

NP Estonia

28.11

-8.8%

47.28

0.07

77.28

9.52

44.09

NP Latvia

28.05

-9.0%

47.28

0.07

77.28

9.52

44.09

NP Lithuania

27.77

-10%

46.97

0.07

70.92

9.52

44.09

NP Sweden (SE4)

18.56

-30%

46.09

-0.20

70.76

6.86

44.09

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 (February 2019), %

NP FI & EE

70%

6.7

90%

NP EE & LV

99%

-0.9

100%

NP LV & LT

98%

-2.4

93%

NP LT & SE4

42%

-23.4

70%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price, EUR/MWh

Relative change from the  previous month, %

2019.02 imbalance price

Estonian imbalance price[b]

34.92

20%

42.00

Latvian imbalance price

34.92

20%

42.00

Lithuanian imbalance price

34.74

19%

41.90

 

Total activated energy by source country, MWh

Change compared to previous month

 

Up

Down

Up

Down

Estonia

4053

1111

29%

-57%

Latvia

1495

1366

287%

-55%

Lithuania

6809

1069

16%

-58%

Finland

2387

6279

34%

-51%

Sweden

346

2064

-74%

-50%

 

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

338

339

-19%

6%

0%

7%

Estonia

34

19

-34%

-7%

1%

31%

Latvia

123

106

9%

3%

8%

21%

Lithuania

181

214

-28%

9%

0%

26%

 

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

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