Latvian electricity market overview

The net electricity consumption in Latvia totalled 567 861 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 43.41 EUR/MWh. Local generation covered 70% of national consumption.

ELECTRICITY GENERATION IN LATVIA 

Generation type

Current period, MWh

Relative changes from the previous month

Previous year (August 2019), MWh

Daugava Hydro

73 435

-35%

85 729

Thermal*

239 045

302%

358 083

Wind

5 085

-60%

6 136

Cogeneration (up to 10MW)

18 885

1%

22 602

Biomass (up to 10MW)

30 645

2%

24 390

Biogas (up to 10MW)

26 065

2%

26 491

Small Hydro (up to 10MW)

1 382

-28%

1 206

Solar

276

-11%

224

Production (Total)

394 817

51%

524 861

* 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 month

Previous year (August 2019), MWh

Electricity import to Latvian electricity grid

334 278

-35,2%

365 852

Export from Latvian electricity grid

161 234

-28%

311 859

Net exchange SALDO

173 044 (deficit)

-40,9%

53 993 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period, MWh

Relative changes from the previous month

Previous year(August 2019), MWh

Latvian electricity consumption

567 861

2%

578 854

Consumption share covered by local generation

 

70%

22.36 (percentage points)

91%

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average monthly  utilization[1], %

Relative changes from the previous period (percentage points)

Lowest fixed daily utilization of the reporting period

Highest fixed daily utilization of the reporting period

LV -> LT

21%

2

0,0%

41,6%

EE -> LV

57%

-17

22,5%

99,5%

LBI -> LT

45%

18

28,7%

74,9%

LT -> LV

10%

4

0,0%

37,4%

PL->LT

4%

-2

0,0%

37,4%

LT->PL

55%

-9

8,4%

98,0%

SE4->LT

50%

-29

11,4%

92,2%

FI->EE

53%

-38

14,2%

98,6%

LV>EE

2%

2

0,0%

22,4%

EE>FI

1%

1

0,0%

6,5%

LKAL>LT

100%

3

14,2%

100,0%

LT>SE4

9%

8

0,0%

33,1%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES AND EU
 

Current period, MWh

Relative changes from the previous month

Previous year (July 2019) MWh

Import from 3rd countries to the Baltic States

473 823

107%

616 086

Import from EU countries to Baltics

642 896

-43%

753 166

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (August 2019) 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

40,55

101%

48,77

3,89

147,54

22,68

70,76

NP Estonia

40,90

35,9%

49,08

3,89

147,54

22,68

72,28

NP Latvia

43,41

36,5%

49,49

7,59

147,54

30,29

73,21

NP Lithuania

43,32

36,7%

49,37

7,59

147,54

30,29

73,21

NP Sweden (SE4)

40,41

77%

38,64

2,82

147,54

22,29

73,67

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price, %

Relative changes from the previous month

Previous year (August 2019), %

NP FI & EE

94%

47,2

97%

NP EE & LV

73%

-16,7

96%

NP LV & LT

98%

0,1

99%

NP LT & SE4

68%

12,5

48%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price, EUR/MWh

Relative change from the previous month, %

Average monthly price, August 2019, EUR/MWh

Estonian imbalance price[2]

41,29

31%

57,97

Latvian imbalance price

41,92

31%

59,16

Lithuanian imbalance price

41,90

31%

59,15

 

Total activated energy by source country, MWh

Change compared to previous month

 

Up

Down

Up

Down

Estonia

1032

1306

-51%

68%

Latvia

2473

311

-14%

-66%

Lithuania

3466

1478

-46%

-46%

Finland

2325

7324

106%

-27%

Sweden

1749

4620

11%

55%

 

Average standard bid amount in hour, MW

Change compared to previous month

% of hours with no standard bids

 

Up

Down

Up

Down

Up

Down

Baltics

314

324

9%

17%

0%

8%

Estonia

38

36

30%

143%

0%

26%

Latvia

143

44

1%

-31%

5%

65%

Lithuania

133

244

12%

23%

3%

14%

 


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

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