Latvian electricity market overview

The net electricity consumption in Latvia totalled 581 568 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 44.28 EUR/MWh. Local generation covered 72% of national consumption.

ELECTRICITY GENERATION IN LATVIA APRIL 2019

Generation type

Current period (May 2019) MWh

Relative changes from the previous period (April 2018)

Previous year (May 2018)  MWh

Daugava Hydro

168 621

-42%

274 517

 Thermal*

145 407

61%

49 423

Wind

10 653

-7%

6 235

Cogeneration (up to 10MW)

31 540

-14%

33 358

Biomass (up to 10MW)

33 356

-10%

32 934

Biogas (up to 10MW)

28 160

0%

29 526

Small Hydro (up to 10MW)

2 905

-51%

6 039

Solar

206

-9%

235

 Production (Total)

420847

-16%

432 267

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

LATVIAN ELETRICITY IMPORT/EXPORT
 

Current period (May 2019) MWh

Relative changes from the previous period (April 2019)

Previous year (May 018) MWh

Electricity import to Latvian electricity grid

437828

8%

445 103

Export from Latvian electricity grid

277106

-15%

306 473

Net exchange SALDO

160 721 (deficit)

99%

138 630 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period (May 2019)  MWh

Relative changes from the previous period (April 2018)

Previous year (May 2018) MWh

Latvian electricity consumption

581 568

0.2%

570 897

Consumption share covered by local generation

72%

-14  (percentage points)

76%

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average monthly  utilization[a] %

Relative changes from the previous period (April 2019) (percentage points)

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV   ->  LT

14%

-1

0.0%

39.5%

EE  -> LV[b]

44%

7

0.0%

84.5%

LBI[c]- > LT

87%

4

66.3%

100.0%

LT -> LV

19%

11

0.0%

64.3%

 PL   ->  LT

1%

0

0.0%

6.3%

LT  ->  PL

61%

-4

1.3%

100.0%

SE4  - >  LT

68%

8

43.0%

100.0%

FI  - >  EE

51%

9

7.6%

92.6%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES
 

Current period (May 2019)  MWh

Relative changes from the previous period (April 2019)

Previous year (May 2018) MWh

Import from 3rd countries to the Baltic States

392 040

-1%

96 449.0

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (May 2018) 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

39.84

-4%

38.63

0.12

199.91

9.43

61.94

NP Estonia

42.32

0.3%

38.66

0.12

199.91

11.99

61.94

NP Latvia

44.28

1.7%

43.69

0.12

199.97

11.99

71.64

NP Lithuania

44.11

1%

43.69

0.12

199.97

11.99

71.64

NP Sweden (SE4)

36.03

-10%

38.63

0.12

63.22

9.43

46.32

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price (May 2019) %

Relative changes from the previous period (April 2019)

Previous year (May 2018) %

NP FI & EE

90%

-3.4

100%

NP EE & LV

86%

-3.3

64%

NP LV & LT

99%

-1.5

100%

NP LT & SE4

61%

-9.5

50%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price (May 2019) EUR/MWh

Relative change from the previous period (April 2019) %

2018.05 imbalance price

Estonian imbalance price[d]

55.78

25%

37.54

Latvian imbalance price

58.61

25%

39.87

Lithuanian imbalance price

58.60

25%

39.87


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

[b] Estonian - Latvian interconnection includes Estonian-Latvian and Estonian-Russian- Latvian interconnection

[c] Electricity import from the3rd countries (Russia and Belarus) to the Baltic States takes place on the Lithuania-Belarusian border (LT-LBI)

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