Latvian electricity market overview

Electricity neto consumption in Latvia was 570 897 MWh, the average Nord Pool price in Latvian bidding area increased till 43.69 EUR/MWh and Latvian consumption was covered with local generation by 76%

May 2018:

Generation in Latvia

May 2018, MWh

Changes compared with previous month

May 2017, MWh

 Hydro

274 517

-55 %

411 328

 Thermal

49 423

-41 %

41 442

 Wind stations

2 543

 -41 %

2 427

Small power plants with installed capacity till 10MW

105 784

-17 %

124 874

 Production

432 267

-47 %

580 070

 

May 2018, MWh

Changes compared with previous month

May 2017, MWh

Electricity import to Latvian electricity grid

445 103

54 %

330 844

Export from Latvian electricity grid

306 473

-42%

343 558

Net exchange SALDO

138 630

 (deficit)

-158%

12 714

 (deficit)

 

May 2018

Changes compared with previous month

May  2017

Consumption in Latvia[1]

570 897 MWh

-2 %

567 356 MWh

Public consumption coverage with local generation 

76 %

65 (percentage point)

102 %

Interconnections

Average monthly  utilization[2] %

Changes compared with previous month (percentage points)

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV   ->  LT

21%

-36

0.0%

56.7%

EE  -> LV[3]

69%

30

29.8%

99.7%

LBI[4]- > LT

32%

-5

3.1%

78.8%

LT -> LV

2%

-0

0.0%

11.4%

 PL   ->  LT

14%

-10

0.0%

41.6%

LT  ->  PL

9%

-49

0.0%

42.2%

SE4  - >  LT

91%

46

65.9%

100.0%

FI  - >  EE

37%

30

4.9%

82.6%

 

May 2018

Changes compared with previous month

Changes compared with May 2017

Import from 3rd countries to the Baltic States

96 449 MWh

-26 %

125%

Price area

Average monthly price EUR/MWh

Changes compared with previous month

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

38.63

-4%

1.6

220.0

14.9

69.9

NP Estonia

38.66

-3%

1.6

220.0

14.9

72.1

NP Latvia

43.69

9%

1.6

255.0

14.9

100.2

NP Lithuania

43.69

9%

1.6

255.0

14.9

100.2

NP Sweden (SE4)

38.63

-4%

1.6

177.2

14.9

69.9

Comparable NP price areas

Hours when the price is equal (%)

Changes compared with previous month (percentage points)

May 2017

 

NP FI & EE

100%

4.9

95%

NP EE & LV

64%

-30.6

94%

NP LV & LT

100%

3.3

97%

NP LT & SE4

50%

-24.4

74%

 

May 2018 EUR/MWh

Changes compared with previous month

Imbalance[5] energy price for Latvia

39.87

29%

 


[1] According with the European network of transmission system operators for electricity (ENTSO-E) definition.

[2] Utilization = monthly sum of commercial flow kWh / monthly sum of Net Transfer Capacity kWh.

[3] Estonian - Latvian interconnection includes Estonian-Latvian and Estonian-Russian- Latvian interconnection

[4] Electricity import from 3rd countries (Russia and Belarus) to the Baltic States takes place on the Lithuania-Belarusian border (LT-LBI)

[5] Imbalance is the difference between the planned and actual physical amount of electric power supplied to or received from the system during a specific imbalance calculation interval. According to the Electricity Market Law (EML), each market participant is responsible for its own caused imbalance.