Latvian electricity market overview

The net electricity consumption in Latvia totalled 556 187 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 48.95 EUR/MWh. Local generation covered 64% of national consumption.

ELECTRICITY GENERATION IN LATVIA JULY 2019

Generation type

Current period MWh

Relative changes from the previous period (June 2018)

Previous year (July 2018), MWh

Daugava Hydro

63 415

-15%

74 963

 Thermal*

216 359

-11%

205 364

Wind

9 277

33%

5 858

Cogeneration (up to 10MW)

19 987

-14%

28 625

Biomass (up to 10MW)

22 086

-28%

32 685

Biogas (up to 10MW)

24 727

-4%

28 228

Small Hydro (up to 10MW)

1 562

12%

1 045

Solar

242

-7%

184

 Production (Total)

357 655

-12.1%

376 951

* 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 (June 2019)

Previous year (July 2018), MWh

Electricity import to Latvian electricity grid

549 801

8%

498 437

Export from Latvian electricity grid

351 269

-4%

301 594

Net exchange SALDO

198 533 (deficit)

37%

196 843 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period, MWh

Relative changes from the previous period (June 2019)

Previous year (July 2018) MWh

Latvian electricity consumption

556 187

1%

573 794

Consumption share covered by local generation

64%

-9.5 (percentage points)

66%

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average monthly  utilization[a] , %

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

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV   ->  LT

18%

-0

0.8%

35.0%

EE  -> LV[b]

48%

-2

23.1%

68.6%

LBI[c]- > LT

80%

13

27.5%

100.0%

LT -> LV

14%

7

0.0%

46.4%

 PL   ->  LT

7%

-3

0.0%

36.7%

LT  ->  PL

47%

-11

10.8%

76.7%

SE4  - >  LT

84%

-10

57.0%

100.0%

FI  - >  EE

76%

-6

56.6%

94.1%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES
 

Current period, MWh

Relative changes from the previous period (June 2019)

Previous year, (July 2018), MWh

Import from 3rd countries to the Baltic States

292 066

60%

126 406


REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (July 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

45.91

49%

54.00

19.82

81.01

27.63

62.74

NP Estonia

48.92

12.6%

54.06

19.82

81.01

27.81

62.74

NP Latvia

48.95

9.6%

54.55

19.82

81.01

27.81

63.34

NP Lithuania

48.94

10%

54.56

19.82

81.01

27.81

63.34

NP Sweden (SE4)

37.34

35%

53.21

19.82

72.28

26.54

49.74

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price (July 2019), %

Relative changes from the previous period, (June 2019)

Previous year, (July 2018), %

NP FI & EE

72%

20.9

98%

NP EE & LV

99%

6.0

85%

NP LV & LT

100%

-0.3

98%

NP LT & SE4

38%

0.3

74%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price (July 2019), EUR/MWh

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

Average monthly price (July 2018), EUR/MWh

Estonian imbalance price[d]

51.19

26%

78.80

Latvian imbalance price

51.72

24%

78.80

Lithuanian imbalance price

51.87

24%

78.90

 

 

 

 


[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