Latvian electricity market overview

The net electricity consumption in Latvia totalled 671 953 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 53.54 EUR/MWh. Local generation covered 90% of national consumption.

ELECTRICITY GENERATION IN LATVIA JANUARY 2021

Generation type

Current period, MWh

Relative changes from the previous month

Previous year (January 2020), MWh

Daugava Hydro

187 344

9%

384 743

 Thermal*

310 417

37%

117 230

Wind

9 300

-40%

23 676

Cogeneration (up to 10MW)

32 034

7%

31 414

Biomass (up to 10MW)

36 809

4%

35 382

Biogas (up to 10MW)

25 043

-4%

25 509

Small Hydro (up to 10MW)

5 278

-9%

11 109

Solar

7

-36%

14

 Production (Total)

606231

19%

629 077

* 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 (January 2020), MWh

Electricity import to Latvian electricity grid

286 333

-6%

347 434

Export from Latvian electricity grid

220 611

44%

315 596

Net exchange SALDO

65 722 (deficit)

-57%

31 839 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period, MWh

Relative changes from the previous month

Previous year (January 2020), MWh

Latvian electricity consumption

671 953

1%

660 916

Consumption share covered by local generation

90%

13,1 (percentage points)

95%

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

50%

16

19,8%

88,1%

 EE -> LV

10%

-20

0,0%

42,2%

LT -> LV

2%

-2

0,0%

14,0%

PL->LT

14%

-3

0,0%

61,4%

LT->PL

22%

-11

0,0%

52,1%

SE4->LT

55%

-24

0,2%

98,9%

FI->EE

50%

-23

6,4%

84,9%

LV>EE

9%

4

0,0%

49,5%

EE>FI

2%

0

0,0%

30,2%

LKAL>LT

98%

1

6,4%

100,0%

LT>SE4

2%

1

0,0%

28,8%

LRI>LV

80%

45

44,4%

100,0%

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

Current period, MWh

Relative changes from the previous month

Previous year (January 2020), MWh

Import from 3rd countries to the Baltic States

669 357

65%

491 766

Import from EU countries to Baltics

715 906

-28%

964 779

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (January 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

51,22

30%

38,42

11,08

121,63

25,83

78,14

NP Estonia

53,55

17,7%

30,82

11,08

121,63

31,64

78,14

NP Latvia

53,54

19,3%

30,82

11,08

121,63

31,64

78,14

NP Lithuania

53,64

17,2%

30,82

11,08

121,63

31,64

78,14

NP Sweden (SE4)

49,76

33%

27,16

11,08

110,00

27,31

76,72

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 (January 2020), %

NP FI & EE

85%

15,7

63%

NP EE & LV

99,9%

0,8

100,0%

NP LV & LT

97%

1,3

100%

NP LT & SE4

80%

22,0

65%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price, EUR/MWh

Relative change from the previous month, %

January 2020, EUR/MWh

Estonian imbalance price[2]

67,16

32%

29,22

Latvian imbalance price

67,16

32%

29,22

Lithuanian imbalance price

67,17

32%

29,22

Hourly bid prices

Estonia

Latvia

Lithuania

 

Upward

Downward

Upward

Downward

Upward

Downward

Max price

11,08

-60,51

11,08

-60,51

11,08

-60,51

Min price

250

110

250

110

250

110

 

Total activated energy by source country, MWh

Change compared to previous month

 

Up

Down

Up

Down

Estonia

5703

4768

33%

125%

Latvia

3480

502

35%

-77%

Lithuania

11126

1917

65%

-21%

Finland

4008

3089

251%

-6%

Sweden

2464

2769

23%

-38%

 

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

630

341

43%

7%

0%

5%

Estonia

35

54

29%

214%

0%

15%

Latvia

121

75

-13%

-18%

9%

43%

Lithuania

474

212

73%

1%

0%

16%


[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