Latvian electricity market overview

The neto electricity consumption in Latvia totalled 629 025 MWh, average Nord Pool day-ahead price for Latvian bidding area decreased to 55.04 EUR/MWh. Local generation covered 62% of national consumption.

ELECTRICITY GENERATION IN LATVIA OCTOBER 2018

Generation type

Current period (October 2018) MWh

Relative changes from the previous period (September 2018)

Previous year (October 2017) MWh

 Hydro

55 501

5%

362 482

 Thermal

205 834

-7%

118 184

 Wind

15 851

-3%

18 181

Power plants with installed capacity below 10 MWh

112 501

23%

125 198

 Production

389 687

2%

624 045

LATVIAN ELETRICITY IMPORT/EXPORT
 

Current period (October 2018)  MWh

Relative changes from the previous period (September 2018)

Previous year (October 2017)  MWh

Electricity import to Latvian electricity grid

511 206

16%

368 083

Export from Latvian electricity grid

271 868

5%

353 504

Net exchange SALDO

239 338 (deficit)

33%

14 579 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period (October 2018)  MWh

Relative changes from the previous period (September 2018)

Previous year (October 2017)

Latvian electricity consumption

629 025 MWh

12 %

638 624 MWh

Consumption share covered by local generation

62 %

-5.92 (percentage point)

98 %

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average monthly  utilization[1] %

Relative changes from the previous period (September 2018) (percentage points)

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV   ->  LT

33%

4

0.3%

78.5%

EE  -> LV[2]

80%

6

39.2%

99.4%

LBI[3]- > LT

87%

-5

40.1%

100.0%

LT -> LV

7%

-2

0.0%

33.2%

 PL   ->  LT

15%

-10

0.0%

67.9%

LT  ->  PL

45%

10

0.0%

85.2%

SE4  - >  LT

59%

59

19.6%

99.7%

FI  - >  EE

46%

11

21.7%

66.9%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES
 

Current period (October 2018) MWh

Relative changes from the previous period (August 2018)

Previous year (October 2017) MWh

Import from 3rd countries to the Baltic States

261 699 MWh

-3 %

62 196 MWh

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (August 2017) 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

46.36

-9%

33.42

1.9

81.6

18.1

58.9

NP Estonia

46.36

-9%

33.43

1.9

81.6

18.1

58.9

NP Latvia

55.04

-6.7%

33.7

1.9

93.2

34.0

67.7

NP Lithuania

55.68

-6%

34.35

1.9

131.5

34.0

68.1

NP Sweden (SE4)

51.19

2%

32.21

1.9

112.7

18.1

67.9

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price (October 2018) %

Relative changes from the previous period (September 2018)

Previous year (October 2017) %

NP FI & EE

100%

5.4

99.6%

NP EE & LV

44%

-0.1

89.7%

NP LV & LT

93%

-3.3

91.9%

NP LT & SE4

61%

25.8

67.2%


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

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

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