Latvian electricity market overview

The net electricity consumption in Latvia totalled 630 696 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 59.15 EUR/MWh. Local generation covered 94% of national consumption.

ELECTRICITY GENERATION IN LATVIA FEBRUARY 2021

Generation type

Current period, MWh

Relative changes from the previous month

Previous year (February 2020) MWh

Daugava Hydro

189 946

1%

353 614

 Thermal*

301 234

-3%

127 773

Wind

9 414

1%

22 570

Cogeneration (up to 10MW)

28 927

-10%

29 865

Biomass (up to 10MW)

32 829

-11%

34 489

Biogas (up to 10MW)

22 815

-9%

23 417

Small Hydro (up to 10MW)

4 640

-12%

11 756

Solar

60

775%

44

 Production (Total)

589 865

-3%

603 528

* 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 2020), MWh

Electricity import to Latvian electricity grid

272 966

-5%

328 482

Export from Latvian electricity grid

232 135

5%

311 951

Net exchange SALDO

40 831 (deficit)

-38%

16 531 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period, MWh

Relative changes from the previous month

Previous year  (February 2020) MWh

Latvian electricity consumption

630 696

-6%

620 059

Consumption share covered by local generation

94%

3,3 (percentage points)

97%

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

49%

-1

13,8%

84,9%

 EE -> LV

12%

2

0,0%

37,3%

LT -> LV

2%

0

0,0%

13,1%

PL->LT

15%

1

0,0%

62,4%

LT->PL

28%

6

0,8%

71,2%

SE4->LT

70%

15

10,5%

100,0%

FI->EE

52%

1

2,1%

93,9%

LV>EE

8%

-1

0,0%

41,5%

EE>FI

2%

0

0,0%

18,6%

LKAL>LT

96%

-1

6,7%

100,0%

LT>SE4

1%

-1

0,0%

13,0%

LRI>LV

87%

7

62,9%

100,0%

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

Current period, MWh

Relative changes from the previous month

Previous year (February 2020), MWh

Import from 3rd countries to the Baltic States

531 400

-21%

342 104

Import from EU countries to Baltics

730 455

2%

981 212

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (February 2020), 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

57,13

12%

24,43

21,23

249,98

28,74

99,72

NP Estonia

59,15

10,5%

28,11

21,23

249,98

31,09

99,72

NP Latvia

59,15

10,5%

28,05

21,23

249,98

31,09

99,72

NP Lithuania

59,31

10,6%

27,77

21,23

249,98

31,66

99,72

NP Sweden (SE4)

53,89

8%

18,56

21,23

249,98

28,97

98,53

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 2020), %

NP FI & EE

81%

-4,1

70%

NP EE & LV

99,9%

0,0

99,1%

NP LV & LT

99%

2,0

98%

NP LT & SE4

69%

-11,4

42%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price, EUR/MWh

Relative change from the previous month, %

2020.02 imbalance price

Estonian imbalance price[2]

46,85

-30%

34,92

Latvian imbalance price

46,85

-30%

34,92

Lithuanian imbalance price

46,87

-30%

34,74

Hourly bid prices

Estonia

Latvia

Lithuania

 

Upward

Downward

Upward

Downward

Upward

Downward

Max price

393,25

249,98

393,25

249,98

393,25

249,98

Min price

21,23

-184

21,23

-184

21,23

-184

 

Total activated energy by source country, MWh

Change compared to previous month

 

Up

Down

Up

Down

Estonia

1414

6636

-75%

39%

Latvia

1225

1084

-65%

116%

Lithuania

3937

4663

-65%

143%

Finland

1216

5568

-70%

80%

Sweden

1013

6428

-59%

132%

 

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

710

356

13%

4%

0%

4%

Estonia

45

57

29%

6%

0%

15%

Latvia

128

86

6%

15%

15%

39%

Lithuania

536

213

13%

0%

0%

14%


[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