Latvian electricity market overview

The net electricity consumption in Latvia totalled 707 144 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 56.62 EUR/MWh. Local generation covered 85% of national consumption.

ELECTRICITY GENERATION IN LATVIA JANUARY 2019

Generation type

Current period (January 2019), MWh

Relative changes from the previous period (December 2018)

Previous year (January 2018), MWh

Daugava Hydro

81465

7%

520605

 Thermal*

386583

19%

224163

Wind

13180

44%

14401

Cogeneration (up to 10MW)

46002

-3%

45275

Biomass (up to 10MW)

38718

-4%

36128

Biogas (up to 10MW)

29871

1%

30743

Small Hydro (up to 10MW)

3495

43%

10126

Solar

10

115%

10

Production (Total)

599 324

13%

881 452

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

LATVIAN ELETRICITY IMPORT/EXPORT
 

Current period (January 2019) MWh

Relative changes from the previous period (December 2018)

Previous year (January 2018) MWh

Electricity import to Latvian electricity grid

460264

-4%

322811

Export from Latvian electricity grid

352444

10%

506914

Net exchange SALDO

107 820 (deficit)

4%

184 104 (surplus)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period (January 2019) MWh

Relative changes from the previous period (December 2018)

Previous year (January 2018) MWh

Latvian electricity consumption

707 144

3 %

697 348

Consumption share covered by local generation

85%

7.7 (percentage points)

126%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price (January 2019), EUR/MWh

Relative change from the previous period (December 2018), %

Previous year (January 2018), EUR/MWh

Estonian imbalance price[d]

59.64

-21.46%

38.64

Latvian imbalance price

60.34

-22.16%

38.81

Lithuanian imbalance price

60.32

-22.10%

38.81

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average monthly  utilization[a], %

Relative changes from the previous period (December 2018), percentage points

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV   ->  LT

21%

-21

0.0%

67.8%

EE  -> LV[b]

35%

-33

0.0%

80.8%

LBI[c]- > LT

87%

-6

54.1%

100.0%

LT -> LV

20%

15

0.0%

97.1%

 PL   ->  LT

36%

19

0.0%

98.1%

LT  ->  PL

26%

-21

0.0%

73.1%

SE4  - >  LT

43%

-7

0.6%

89.6%

FI  - >  EE

19%

-30

0.0%

55.5%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES
 

Current period (January 2019) MWh

Relative changes from the previous period (December 2018)

Previous year (January 2018) MWh

Import from 3rd countries to the Baltic States

383 366

22 %

91 706

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (January 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

55.78

7%

37.08

4.04

109.50

42.70

79.10

NP Estonia

55.76

5%

37.11

4.04

109.50

42.70

79.10

NP Latvia

56.62

5.6%

37.58

4.04

109.50

42.70

79.10

NP Lithuania

56.50

5%

37.62

1.17

109.50

41.70

79.50

NP Sweden (SE4)

54.91

7%

32.88

4.04

109.45

42.70

79.50

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price (January 2019), %

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

Previous year (January 2018), %

NP FI & EE

98%

8.2

76%

NP EE & LV

90%

-3.6

93%

NP LV & LT

95%

-0.3

91%

NP LT & SE4

72%

1.3

83%


[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