Latvian electricity market overview

The net electricity consumption in Latvia totalled 570 275 MWh, average Nord Pool day-ahead price for Latvian bidding area decreased to 48.85 EUR/MWh. Local generation covered 97% of national consumption.

ELECTRICITY GENERATION IN LATVIA SEPTEMBER 2019

Generation type

Current period, MWh

Relative changes from the previous period, (August 2019)

Previous year (September 2018), MWh

Daugava Hydro

75 335

-12%

52 708

 Thermal*

383 830

7%

220 646

Wind

13 318

117%

16 381

Cogeneration (up to 10MW)

23 697

5%

32 345

Biomass (up to 10MW)

29 139

19%

30 379

Biogas (up to 10MW)

25 783

-3%

27 837

Small Hydro (up to 10MW)

1 550

29%

686

Solar

148

-34%

123

 Production (Total)

552 799

5%

381 105

* 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 period, (August 2019)

Previous year (September 2018), MWh

Electricity import to Latvian electricity grid

310 150

-15%

438 922

Export from Latvian electricity grid

292 674

-6%

258 749

Net exchange SALDO

17 476 (deficit)

-68%

180 173 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period, MWh

Relative changes from the previous period (August 2019)

Previous year (September 2018) MWh

Latvian electricity consumption

570 275

-1.5%

561 278

Consumption share covered by local generation

97%

 6.26 (percentage points)

68%

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average monthly  utilization[a], %

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

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV   ->  LT

16%

6

0.0%

66.1%

EE  -> LV[b]

23%

-2

0.0%

72.4%

LBI[c]- > LT

81%

-1

60.6%

100.0%

LT -> LV

18%

4

0.0%

57.8%

 PL   ->  LT

13%

12

0.0%

70.9%

LT  ->  PL

50%

-14

10.0%

88.5%

SE4  - >  LT

92%

7

71.3%

100.0%

FI  - >  EE

35%

-6

5.7%

72.1%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES
 

Current period, MWh

Relative changes from the previous period (August 2019)

Previous year (September 2018), MWh

Import from 3rd countries to the Baltic States

389 397

11%

269 876

Import from EU countries to Baltics

582 075

-23%

296 300

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year

(September 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

48.75

0%

51.00

6.56

200.00

23.55

89.75

NP Estonia

48.77

-0.6%

50.93

6.56

200.00

23.55

89.75

NP Latvia

48.85

-1.3%

58.99

6.56

200.00

23.55

85.45

NP Lithuania

48.79

-1%

59.11

6.56

200.00

23.55

85.45

NP Sweden (SE4)

36.56

-5%

50.43

6.56

71.36

23.55

47.16

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price (September 2019), %

Relative changes from the previous period (August 2019)

Previous year (September 2018), %

NP FI & EE

98%

1.2

94%

NP EE & LV

94%

-2.4

44%

NP LV & LT

99%

0.4

97%

NP LT & SE4

33%

-14.9

35%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price  (September 2019) EUR/MWh

Relative change from the previous period (August 2019), %

2018.09 imbalance price

Estonian imbalance price[d]

50.15

-16%

48.21

Latvian imbalance price

50.36

-17%

50.46

Lithuanian imbalance price

50.35

-17%

50.35


[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] Commercial 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