Latvian electricity market overview

The net electricity consumption in Latvia totalled 647 509 MWh, average Nord Pool day-ahead price for Latvian bidding area increased to 43.55 EUR/MWh. Local generation covered 109% of national consumption.

ELECTRICITY GENERATION IN LATVIA MARCH 2021

Generation type

Current period, MWh

Relative changes from the previous month

Previous year (March 2020), MWh

Daugava Hydro

387 580

104%

473 683

 Thermal*

200 235

-34%

76 662

Wind

16 191

72%

16 590

Cogeneration (up to 10MW)

29 323

1%

31 477

Biomass (up to 10MW)

35 589

8%

36 820

Biogas (up to 10MW)

24 665

8%

26 521

Small Hydro (up to 10MW)

10 282

122%

12 195

Solar

139

133%

156

 Production (Total)

704 003

19%

674 104

* 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 (March 2020), MWh

Electricity import to Latvian electricity grid

269 796

-1%

239 860

Export from Latvian electricity grid

326 290

41%

284 775

Net exchange SALDO

-56 494   (surplus)

-238%

-44 915 (surplus)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period, MWh

Relative changes from the previous month

Previous year, (March 2020), MWh

Latvian electricity consumption

647 509

3%

629 189

Consumption share covered by local generation

109%

15,2, (percentage points)

107%

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

66%

17

35,6%

95,3%

 EE -> LV

16%

4

0,0%

42,3%

LT -> LV

0%

-1

0,0%

4,7%

PL->LT

1%

-13

0,0%

11,8%

LT->PL

51%

22

13,7%

80,7%

SE4->LT

44%

-27

1,7%

82,1%

FI->EE

72%

21

23,9%

100,0%

LV>EE

6%

-2

0,0%

34,8%

EE>FI

0%

-2

0,0%

6,8%

LKAL>LT

97%

0

23,9%

99,8%

LT>SE4

7%

5

0,0%

33,1%

LRI>LV

64%

-23

39,6%

100,0%

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

Current period, MWh

Relative changes from the previous month

Previous year (March 2020), MWh

Import from 3rd countries to the Baltic States

577 995

9%

240 703

Import from EU countries to Baltics

776 533

6%

1 059 133

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average monthly price EUR/MWh

Relative change compared with previous month

Previous year (March 2020) 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

38,35

-33%

20,38

11,36

149,98

18,44

63,74

NP Estonia

43,55

-26,4%

24,02

11,36

149,98

18,44

63,74

NP Latvia

43,55

-26,4%

24,02

11,36

149,98

18,44

63,74

NP Lithuania

48,02

-19,0%

24,00

11,36

149,98

21,43

66,06

NP Sweden (SE4)

45,13

-16%

15,97

11,36

149,98

21,43

63,68

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 (March 2020), %

NP FI & EE

68%

-13,1

70%

NP EE & LV

100,0%

0,1

99,1%

NP LV & LT

74%

-24,9

98%

NP LT & SE4

77%

8,7

42%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average monthly price, EUR/MWh

Relative change from the, previous month, %

Previous year (March 2020), EUR/MWh

Estonian imbalance price[2]

41,79

-11%

33,08

Latvian imbalance price

41,79

-11%

33,08

Lithuanian imbalance price

42,84

-9%

33,08

Hourly bid prices

Estonia

Latvia

Lithuania

 

Upward

Downward

Upward

Downward

Upward

Downward

Max price

271,64

149,98

271,64

149,98

271,64

149,98

Min price

13,21

-184

13,21

-184

13,21

-184

 

Total activated energy by source country, MWh

Change compared to previous month

 

Up

Down

Up

Down

Estonia

1810

2104

28%

-68%

Latvia

1413

4949

15%

356%

Lithuania

6940

3013

76%

-35%

Finland

1706

2752

40%

-51%

Sweden

2690

7748

165%

21%

 

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

763

374

8%

5%

0%

1%

Estonia

31

25

-33%

-56%

0%

41%

Latvia

146

135

14%

56%

1%

2%

Lithuania

587

215

9%

1%

0%

13%


[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