Latvian electricity market overview

The net electricity consumption in Latvia totalled 580 286 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 43.52 EUR/MWh. Local generation covered 86% of national consumption.

ELECTRICITY GENERATION IN LATVIA APRIL 2019

Generation type

Current period (April 2019) MWh

Relative changes from the previous period (March 2018)

Previous year (April 2018) MWh

Daugava Hydro

289 733

-23%

604 484

 Thermal*

90 206

-45%

83 332

Wind

11 436

-42%

11 782

Cogeneration (up to 10MW)

36 811

-17%

40 153

Biomass (up to 10MW)

36 903

-7%

38 399

Biogas (up to 10MW)

28 101

-5%

29 982

Small Hydro (up to 10MW)

5 933

-49%

11 956

Solar

226

181%

147

 Production (Total)

499 348

-27%

820 235

* Rīgas TEC-1, Rīgas TEC-2, AS "Rīgas Siltums", SIA "Juglas Jauda", SIA "Fortum"

LATVIAN ELETRICITY IMPORT/EXPORT
 

Current period (April 2019) MWh

Relative changes from the previous period (March 2019)

Previous year (April 2018) MWh

Electricity import to Latvian electricity grid

406 630

32%

289 327

Export from Latvian electricity grid

325 693

-5%

528 159

Net exchange SALDO

80 937 (deficit)

-334%

238 832 (surplus)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period (April 2019) MWh

Relative changes from the previous period (March 2018)

Previous year (April 2018) MWh

Latvian electricity consumption

580 286

-12%

581 403

Consumption share covered by local generation

86%

-19.3 (percentage points)

141%

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average monthly  utilization[a], %

Relative changes from the previous period (March 2019) (percentage points)

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV   ->  LT

14%

2

0.0%

44.9%

EE  -> LV[b]

37%

27

1.3%

86.0%

LBI[c]- > LT

83%

3

51.7%

100.0%

LT -> LV

8%

-8

0.0%

24.9%

 PL   ->  LT

1%

-6

0.0%

10.2%

LT  ->  PL

64%

-4

0.0%

94.5%

SE4  - >  LT

60%

24

0.2%

100.0%

FI  - >  EE

43%

18

3.1%

82.7%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES
 

Current period (April 2019) MWh

Relative changes from the previous period (March 2019)

Previous year (April 2018) MWh

Import from 3rd countries to the Baltic States

397 061

-29%

130 508

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (April 2018) 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

41.44

4%

40.21

2.18

80.25

25.25

53.53

NP Estonia

42.18

5%

39.88

2.18

99.99

25.25

53.74

NP Latvia

43.52

8.6%

40.03

2.18

99.99

25.25

55.82

NP Lithuania

43.52

9%

40.18

2.18

99.99

25.25

55.82

NP Sweden (SE4)

39.92

1%

38.93

2.18

60.07

25.25

47.79

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price (April 2019) %

Relative changes from the previous period (March 2019)

Previous year (April 2018) %

NP FI & EE

93%

-4.7

95%

NP EE & LV

90%

-9.7

94%

NP LV & LT

100%

1.9

97%

NP LT & SE4

70%

-12.6

74%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price (April 2019) EUR/MWh

Relative change from the previous period (March 2019) %

Average monthly price (April 2018) EUR/MWh

Estonian imbalance price[d]

42.07

15%

30.33

Latvian imbalance price

43.72

18%

30.99

Lithuanian imbalance price

43.72

18%

31.05

 


[a] Utilization = monthly sum of commercial flow (MWh) / monthly sum of Net Transfer Capacity MWh.

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

[c] Electricity import from the3rd countries (Russia and Belarus) to the Baltic States takes place on the Lithuania-Belarusian border (LT-LBI)

[d] Imbalance is energy volume representing the difference between the allocated volume and the final position within a given imbalance settlement period