Latvian electricity market overview

The neto electricity consumption in Latvia totalled 573 794 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 54,55 EUR/MWh. Local generation covered 66% of national consumption.

ELECTRICITY GENERATION IN LATVIA JULY 2018

Generation type

Current period (July 2018), MWh

Relative changes from the previous period (June 2018)

Previous year (July 2017), MWh

 Hydro

74 963

-9 %

162 545

 Thermal

205 364

78 %

90 945

 Wind

2 338

-34 %

2 999

Power plants with installed capacity below 10MWh

94 287

-7 %

105 539

 Production

376 951

24 %

362 027

LATVIAN ELETRICITY IMPORT/EXPORT
 

Current period (July 2018), MWh

Relative changes from the previous period (June 2018)

Previous year (July 2017), MWh

Electricity import to Latvian electricity grid

498 437

3 %

509 835

Export from Latvian electricity grid

301 594

26 %

332 036

Net exchange SALDO

196 843

 (deficit)

-19 %

177 800

 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period (July 2018), MWh

Relative changes from the previous period (June 2018)

Previous year (July 2017), MWh

Latvian electricity consumption[1]

573 794 MWh

5 %

539 827 MWh

Consumption share covered by local generation

66 %

10

 (percentage point)

67 %

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average monthly  utilization[2], %

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

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV   ->  LT

13%

-8

0.0%

40.7%

EE  -> LV[3]

47%

-22

17.8%

74.9%

LBI[4]- > LT

62%

16

25.9%

93.1%

LT -> LV

10%

-1

1.5%

33.9%

 PL   ->  LT

73%

47

39.6%

98.3%

LT  ->  PL

10%

-27

0.0%

55.9%

SE4  - >  LT

55%

-19

0.2%

80.2%

FI  - >  EE

14%

-25

0.5%

43.5%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES
 

Current period (July 2018), MWh

Relative changes from the previous period (June 2018)

Previous year (July 2017), MWh

Import from 3rd countries to the Baltic States

126 406 MWh

11 %

21 923

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

 

Previous year

(July 2017)

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

54.00

14%

34,17

4.3

81.5

31.8

58.5

NP Estonia

54.06

13%

34,33

4.3

81.5

35.6

58.6

NP Latvia

54.55

7%

36,27

4.3

94.1

37.4

58.6

NP Lithuania

54.56

7%

36,27

4.3

94.1

37.4

58.2

NP Sweden (SE4)

53.21

14%

30,88

4.3

83.1

30.9

57.1

 Comparison of prices between Neighbours prices areas (Nord Pool)

Comparable NP price areas

Hours with the same price (July 2018) %

Relative changes from the previous period (June 2018)

Previous year (July 2017) %

NP FI & EE

98%

6.9

97%

NP EE & LV

85%

19.1

73%

NP LV & LT

98%

-0.6

100%

NP LT & SE4

74%

16.7

49%

Imbalance energy prices for Latvia
 

Average monthly price (July 2018), EUR/MWh

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

Estonian imbalance price[5]

78.8

75%

Latvian imbalance price

78.8

72%

Lithuanian imbalance price

78.9

74%

[1] In accordance with the definition provided by the European network of transmission system operators for electricity ENTSO-E

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

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

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

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