Latvian electricity market overview

The net electricity consumption in Latvia totalled 618 679 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 37.72 EUR/MWh. Local generation covered 54% of national consumption.

ELECTRICITY GENERATION IN LATVIA

Generation type

Current period MWh

Relative changes from the previous month

Previous year (October 2019) MWh

Daugava Hydro

112 009

4%

149 932

Thermal*

119 444

-15%

251 398

Wind

14 040

3%

13 960

Cogeneration (up to 10MW)

27 198

30%

30 844

Biomass (up to 10MW)

31 830

10%

37 072

Biogas (up to 10MW)

25 706

0%

26 404

Small Hydro (up to 10MW)

3 329

77%

4 592

Solar

78

-59%

67

Production (Total)

333 635

-2%

514 269

* 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 (October 2019) MWh

Electricity import to Latvian electricity grid

409 046

-7%

283 612

Export from Latvian electricity grid

124 002

-42%

175 771

Net exchange SALDO

285 045 (deficit)

27%

107 841 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period MWh

Relative changes from the previous month

Previous year (October 2019) MWh

Latvian electricity consumption

618 679

10%

622 110

Consumption share covered by local generation

54%

-6,23 (percentage points)

83%

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

10%

0

0,0%

40,2%

EE -> LV

41%

-3

0,9%

89,0%

LBI -> LT

38%

-20

21,3%

73,3%

LT -> LV

12%

-3

0,0%

50,4%

PL->LT

19%

18

0,8%

46,5%

LT->PL

28%

-25

13,2%

58,3%

SE4->LT

85%

25

42,3%

100,0%

FI->EE

76%

11

30,4%

100,0%

LV>EE

1%

-2

0,0%

16,2%

EE>FI

0%

-0

0,0%

0,5%

LKAL>LT

99%

0

30,4%

100,0%

LT>SE4

0%

-4

0,0%

5,4%

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

Current period MWh

Relative changes from the previous month

Previous year (October 2019) MWh

Import from 3rd countries to the Baltic States

354 360

-22%

611 454

Import from EU countries to Baltics

912 287

26%

847 637

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (October 2019) 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

31,08

-18%

46,33

1,56

174,91

7,97

55,52

NP Estonia

37,62

-5,0%

47,66

2,29

174,91

22,89

55,52

NP Latvia

37,72

-5,5%

47,33

2,29

174,91

22,89

55,52

NP Lithuania

37,72

-4,5%

46,96

2,29

174,91

22,89

55,52

NP Sweden (SE4)

26,27

-26%

42,09

1,56

96,53

7,80

47,84

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 (October 2019) %

NP FI & EE

67%

-16,5

83%

NP EE & LV

99%

3,6

89%

NP LV & LT

100%

5,8

96%

NP LT & SE4

45%

-27,3

54%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price, EUR/MWh

Relative change from the previous mont, %

Previous year (October 2019), EUR/MWh

Estonian imbalance price[2]

 

 

48,51

Latvian imbalance price

 

 

48,46

Lithuanian imbalance price

 

 

48,41

 

Total activated energy by source country, MWh

Change compared to previous month

 

Up

Down

Up

Down

Estonia

3374

1217

145%

-29%

Latvia

4647

441

44%

-48%

Lithuania

3944

1018

-27%

-61%

Finland

2868

8897

6%

19%

Sweden

1240

2434

-38%

-17%

 

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

238

242

-22%

-26%

0%

15%

Estonia

33

29

33%

-33%

0%

25%

Latvia

127

58

-4%

7%

4%

54%

Lithuania

79

156

-47%

-33%

3%

27%


[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