Latvian electricity market overview

The neto electricity consumption in Latvia totalled 7 410 215 MWh, average Nord Pool day-ahead price for Latvian bidding area decreased to 49.90 EUR/MWh. Local generation covered 87.7% of national consumption.

ELECTRICITY GENERATION IN LATVIA

Generation type

Current period (2018),  MWh

Relative changes from the previous year (2017)

2017, MWh

 Daugava Hydro

2 366 191

-44.3%

4 246 004

 Thermal*

2 712 652

80.9%

1 499 672

Wind

120 840

-18.6%

148 523

Cogeneration (up to 10MW)

462 230

-16.7%

554 989

Biomass 

438 150

9.4%

400 562

Biogas 

349 122

-9.6

386 063

Small Hydro

50 874

-53.5%

109 509

Solar

1 277

25.9%

1 015

 Production (Total)

6 501 335

-11.5%

7 346 336

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

LATVIAN ELETRICITY IMPORT/EXPORT
 

Current period (2018), MWh

Relative changes from the previous period (2017)

2017, MWh

Electricity import to Latvian electricity grid

5 173 682

27.0%

4 072 912

Export from Latvian electricity grid

4 264 801

3.1%

4 137 077

Net exchange SALDO

908 880 (deficite)

-1 516.5%

64 166 (surplus)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period (2018), MWh

Relative changes from the previous year (2017)

2017, MWh

Latvian electricity consumption

7 410 215

1.8%

7 282 170

Consumption share covered by local generation

87.7%

-13.15 (percentage points)

100.9%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average price (2018), EUR/MWh

Estonian imbalance price[d]

48.01

Latvian imbalance price

49.07

Lithuanian imbalance price

49.09

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average year 2018  utilization[a]

%

Relative changes from the previous period (2017) (percentage points)

Lowest fixed monthly utilization of the 2018

Highest fixed monthly utilization of the 2018

LV   ->  LT

31%

-8

12.7%

56.1%

EE  -> LV[b]

56%

2

38.5%

79.4%

LBI[c]- > LT

63%

49

20.1%

92.7%

LT -> LV

7%

5

1.5%

19.9%

PL   ->  LT

29%

7

13.2%

70.5%

LT  ->  PL

39%

-8

10.3%

57.7%

SE4  - >  LT

60%

-3

0.0%

91.5%

FI  - >  EE

28%

10

6.5%

47.8%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES
 

Current period (2018), MWh

Relative changes from the previous period (2017)

2017, MWh

Import from 3rd countries to the Baltic States

2 558 187

229 %

776 395

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average year 2018 price EUR/MWh

Relative change compared with previous year

Average year 2017 price 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

46.80

41%

33.19

1.59

255.00

14.91

97.14

NP Estonia

47.07

42%

33.20

1.59

255.00

14.91

95.09

NP Latvia

49.90

43.9%

34.68

1.59

255.00

14.91

100.16

NP Lithuania

50.00

42%

35.13

1.59

255.00

14.91

100.16

NP Sweden (SE4)

46.36

44%

32.18

1.59

255.00

14.91

93.14

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price (2018), %

Relative changes from the previous period (2017)

Hours with the same price (2017), %

NP FI & EE

95%

-4.0

99%

NP EE & LV

74%

-8.0

82%

NP LV & LT

98%

3.5

94%

NP LT & SE4

64%

-4.2

69%


[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