Latvian electricity market overview

Electricity consumption in Latvia was 638 624, the average Nord Pool price in Latvian bidding area increased till 33.70 EUR/MWh and Latvian consumption was covered with local generation by 98%

October 2017:

Generation in Latvia

October 2017, MWh

Changes compared with previous month

October 2016, MWh

Hydro

362 482

6 %

92 586

Thermal

118 8184

58 %

301 903

Wind stations

6 315

 57 %

6 508

Small power plants with installed capacity till 10MW

137 065

22 %

128 100

Production

624 045

17 %

529 096
 

 

October 2017,

MWh

Changes compared with previous month

October 2016,

MWh

Electricity import to Latvian electricity grid

368 083

4 %

290 670

Export from Latvian electricity grid

353 504

13%

199 023

Net exchange SALDO

14 579 (deficit)

-63 % (deficit)

91647 (deficit)

 

​

 

 

October 2017

Changes compared with previous month

October 2016

Consumption in Latviag

638 624 MWh

11%

620 743 MWh

Public consumption coverage with local generation 

98 %

5 (percentage point)

85 %

 

​

 

Interconnections

Average monthly utilizationh %

Changes compared with previous month (percentage points)

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV   ->  LT

43%

8

2%

78%

EE  -> LVi

53%

3

9%

84%

LBIj-> LT

15%

9

1%

46%

LT -> LV

3%

2

0%

23%

 PL   ->  LT

9%

-6

0%

48%

LT  ->  PL

54%

21

0%

92%

SE4  - >  LT

76%

23

9%

100%

FI  - >  EE

19%

4

0%

64%

 

 

October 2017

Changes compared with previous month

Changes compared with October2016

Import from 3rd countries to the Baltic States

62 196 MWh

131 %

-56 %

 

Price area

Average monthly price EUR/MWh

Changes compared with previous month

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

33.42

-10%

2.99

130.1

23.2

50.6

NP Estonia

33.43

-10%

2.99

130.1

23.2

50.6

NP Latvia

33.70

-11%

2.99

130.1

23.2

50.6

NP Lithuania

34.35

-9%

2.99

130.1

23.2

50.6

NP Sweden(SE4)

32.21

-13%

2.99

130.1

23.2

50.6

POLPX (Poland)

40.25

2%

17.1

210.7

26.8

76.2

 

 

Comparable NP price areas

Hours when the price is equal (%)

Changes compared with previous month (percentage points)

October2016

 

NP FI & EE

99.6%

-0.1

100%

NP EE & LV

90%

0.6

83%

NP LV & LT

92%

-5.6

99%

NP LT & SE4

67%

-18.5

79%

 

 

October 2017 EUR/MWh

Changes compared with previous month

October2016

EUR/MWh

Imbalancek energy price for selling

30.98

-23 %

 

50,08

Imbalance energy price for buying

29.17

 

-23 %

 

47,16
 

 

[g] According with the European network of transmission system operators for electricity (ENTSO-E) definition.
[h] Utilization = monthly sum of commercial flow kWh / monthly sum of Net Transfer Capacity kWh.
[i] Estonian - Latvian interconnection includes Estonian-Latvian and Estonian-Russian- Latvian interconnection
[j] Electricity import from 3rd countries (Russia and Belarus) to the Baltic States takes place on the Lithuania-Belarusian border (LT-LBI)
[k] Imbalance energy – energy that is bought by the Transmission System Operator (TSO) from a trader (user) or sold to the trader (user) in order to ensure the power balance between schedule and real consumption during the trade interval. TSO sells electricity to the trader in order to cover a deficit in electricity sales, or purchases or buys electricity from the trader's surplus of energy during the trade interval