Latvian electricity market overview

The net electricity consumption in Latvia totalled 531 654 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 38.66 EUR/MWh. Local generation covered 90% of national consumption.

ELECTRICITY GENERATION IN LATVIA

Generation type

Current period, MWh

Relative changes from the previous month

Previous year (June 2019), MWh

Daugava Hydro

164 526

-21%

74 630

 Thermal*

233 979

83%

244 049

Wind

6 218

-52%

6 985

Cogeneration (up to 10MW)

17 917

-29%

23 244

Biomass (up to 10MW)

27 968

-15%

30 685

Biogas (up to 10MW)

25 266

-9%

25 692

Small Hydro (up to 10MW)

3 167

-42%

1 389

Solar

315

-9%

261

 Production (Total)

479 357

8%

406 935

* 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 (June 2019), MWh

Electricity import to Latvian electricity grid

312 892

-7%

510 335

Export from Latvian electricity grid

260 596

16%

365 659

Net exchange SALDO

52 297 (deficit)

-38%

144 676 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period, MWh

Relative changes from the previous month

Previous year (June 2019), MWh

Latvian electricity consumption

531 654

-4%

551 611

Consumption share covered by local generation

90%

10.1 (percentage points)

74%

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

26%

9

2.8%

68.2%

EE -> LV

48%

3

8.9%

96.7%

LBI -> LT

31%

17

3.3%

71.1%

LT -> LV

3%

-5

0.0%

31.4%

PL->LT

13%

-3

0.0%

37.1%

LT->PL

50%

7

23.2%

91.5%

SE4->LT

82%

-13

30.3%

100.0%

FI->EE

71%

-8

16.5%

100.0%

LV>EE

3%

-4

0.0%

29.0%

EE>FI

0%

0

0.0%

1.4%

LKAL>LT

94%

2

16.5%

100.0%

LT>SE4

1%

1

0.0%

13.3%

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

Current period, MWh

Relative changes from the previous month

Previous year (June 2019), MWh

Import from 3rd countries to the Baltic States

268 579

54%

428 972

Import from EU countries to Baltics

803 918

-26%

1 024 219

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (June 2019), EUR/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

28.26

45%

30.71

0.45

199.95

2.99

80.10

NP Estonia

37.77

51.0%

43.46

0.72

255.03

13.76

98.51

NP Latvia

38.66

57.6%

44.65

0.72

255.03

17.97

98.51

NP Lithuania

38.65

58%

44.65

0.72

255.03

17.97

98.51

NP Sweden (SE4)

24.21

73%

27.71

0.45

199.95

1.64

80.10

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 2019), %

NP FI & EE

65%

-1.0

51%

NP EE & LV

95%

-2.6

93%

NP LV & LT

100%

-0.1

100%

NP LT & SE4

44%

6.4

37%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price, EUR/MWh

Relative change from the previous month, %

2019.06 imbalance price

Estonian imbalance price[2]

43.11

66%

37.86

Latvian imbalance price

43.41

67%

39.10

Lithuanian imbalance price

43.41

67%

39.27

 

Total activated energy by source country, MWh

Change compared to previous month

 

Up

Down

Up

Down

Estonia

2236

1807

325%

1270%

Latvia

4130

1550

41%

20%

Lithuania

9798

3519

89%

34%

Finland

2552

9121

-6%

-16%

Sweden

432

2951

28%

-25%

 

 

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

204

304

-19%

15%

0%

9%

Estonia

21

23

172%

2006%

0%

46%

Latvia

104

83

-10%

1%

22%

33%

Lithuania

79

197

-38%

9%

5%

15%


[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