Latvian electricity market overview

The net electricity consumption in Latvia totalled 574 746 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 76.23 EUR/MWh. Local generation covered 64% of national consumption.

ELECTRICITY GENERATION IN LATVIA JUNE 2021

Generation type

Current period, MWh

Relative changes from the previous month

Previous year (May 2020), MWh

Daugava Hydro

181 148

-57%

164 526

 Thermal*

102 685

771%

233 979

Wind

4 436

-58%

6 218

Cogeneration (up to 10MW)

13 487

-36%

17 917

Biomass (up to 10MW)

26 349

-18%

27 968

Biogas (up to 10MW)

21 360

-7%

25 266

Small Hydro (up to 10MW)

4 406

-53%

3 167

Solar

449

35%

315

 Production (Total)

354320

-33%

479 357

* 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 (May 2020), MWh

Electricity import to Latvian electricity grid

388 438

39%

312 892

Export from Latvian electricity grid

188 012

-20%

260 596

Net exchange SALDO

200 426 (deficit)

330%

52 297 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period,MWh

Relative changes from the previous month

Previous year (May 2020) MWh

Latvian electricity consumption

554 746

-4%

531 654

Consumption share covered by local generation

64%

-28,1 (percentage points)

90%

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%

-4

16,3%

80,1%

 EE -> LV

65%

43

25,6%

96,0%

LT -> LV

1%

0

0,0%

10,6%

PL->LT

19%

17

0,0%

43,7%

LT->PL

30%

-24

0,0%

86,0%

SE4->LT

57%

14

13,6%

86,5%

FI->EE

83%

19

47,2%

100,0%

LV>EE

0%

-2

0,0%

1,3%

EE>FI

0%

0

0,0%

1,6%

LKAL>LT

97%

2

47,2%

100,0%

LT>SE4

6%

-2

0,0%

33,8%

LRI>LV

91%

15

65,7%

100,0%

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

Current period,MWh

Relative changes from the previous month

Previous year (June 2020), MWh

Import from 3rd countries to the Baltic States

340 943

-30%

268 579

Import from EU countries to Baltics

822 917

20%

803 918

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (June 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

56,16

22%

20,21

1,00

174,76

15,99

85,06

NP Estonia

71,68

48,0%

30,10

1,00

255,00

21,40

98,03

NP Latvia

76,23

57,4%

31,80

1,00

255,00

21,40

98,03

NP Lithuania

77,74

54,4%

31,70

1,00

255,00

22,98

98,03

NP Sweden (SE4)

73,05

53%

22,86

1,00

139,72

21,85

95,11

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 (June 2020), %

NP FI & EE

52%

-32,5

65%

NP EE & LV

84,3%

-15,7

95,4%

NP LV & LT

93%

3,4

100%

NP LT & SE4

69%

-17,5

44%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price, EUR/MWh

Relative change from the previous month, %

2020.06 imbalance price

Estonian imbalance price[2]

66,10

65%

43,11

Latvian imbalance price

66,81

66%

43,41

Lithuanian imbalance price

67,01

65%

43,41

Hourly bid prices

Estonia

Latvia

Lithuania

 

Upward

Downward

Upward

Downward

Upward

Downward

Max price

260

255

260

255

260

255

Min price

0

-40,46

0

-40,46

0

-40,46

Total activated energy by source country, MWh

Total activated energy by source country, MWh

Change compared to previous month

 

Up

Down

Up

Down

Estonia

1580

1833

66%

-20%

Latvia

4501

900

33%

-66%

Lithuania

5314

6996

-4%

61%

Finland

571

2281

-63%

-48%

Sweden

394

6901

-84%

-24%

 

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

640

382

27%

18%

0%

3%

Estonia

20

44

-8%

79%

1%

9%

Latvia

82

81

-34%

-6%

43%

38%

Lithuania

539

257

50%

20%

0%

12%


[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