Latvian electricity market overview

The neto electricity consumption in Latvia totalled 7 297 056 MWh, average Nord Pool day-ahead price for Latvian bidding area decreased to 46.28 EUR/MWh. Local generation covered 84.7% of national consumption.

Year 2019 in numbers:

ELECTRICITY GENERATION IN LATVIA

Generation type

Current period (2019) MWh

Relative changes from the previous year

2018, MWh

Daugava Hydro

2 036 063

-14%

2 366 191

Thermal*

2 822 835

4%

2 712 652

Wind

152 489

26%

120 840

Cogeneration (up to 10MW)

383 821

-17%

462 230

Biomass (up to 10MW)

399 627

-9%

438 150

Biogas (up to 10MW)

322 780

-8%

349 122

Small Hydro (up to 10MW)

59 829

18%

50 874

Solar

1 534

20%

1 277

Production (Total)

6 178 978

-5%

6 501 335

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

LATVIAN ELETRICITY IMPORT/EXPORT
 

Current period (2019), MWh

Relative changes from the previous year

2018, MWh

Electricity import to Latvian electricity grid

4 610 761

-11%

5 173 682

Export from Latvian electricity grid

3 492 683

-18%

4 264 801

Net exchange SALDO

1 118 078 (deficit)

23%

908 880 (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period (2019), MWh

Relative changes from the previous year

2018, MWh

Latvian electricity consumption

7 297 056

-1.5%

7 410 215

Consumption share covered by local generation

84.7%

-3.06 (percentage points)

87.7%

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average year 2019  utilization[a]

%

Relative changes from the previous year (percentage points)

Lowest fixed monthly utilization of the year 2019

Highest fixed monthly utilization of the year 2019

LV   ->  LT

13%

-18

5.5%

21.3%

EE  -> LV[b]

29%

-27

9.6%

50.6%

LBI[c]- > LT

79%

16

68.4%

88.6%

LT -> LV

20%

13

7.7%

40.7%

PL   ->  LT

10%

-19

1.3%

37.4%

LT  ->  PL

55%

16

32.2%

67.9%

SE4  - >  LT

64%

5

36.1%

94.0%

FI  - >  EE

46%

18

18.9%

81.9%

LV- >  EE

8%

5

0.2%

14.7%

EE - >  FI

3%

-7

0.0%

13.9%

LKAL[d] - >  LT

99%

1

94.4%

100.0%

THE BALTIC STATES' TRADE WITH THE 3rd COUNTRIES
 

Current period (2019), MWh

Relative changes from the previous period 

2018, MWh

Import from 3rd countries to the Baltic States

7 823 174

42%

5 502 328

Import from EU countries to the Baltic states

7 913 798

31%

6 018 101

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average year 2019 price EUR/MWh

Relative change compared with previous year

Average year 2018 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

44.04

-6%

46.8

0.12

200.00

9.43

89.75

NP Estonia

45.86

-3%

47.07

0.12

200.00

11.99

89.75

NP Latvia

46.28

-7%

49.9

0.12

200.00

11.99

89.45

NP Lithuania

46.12

-8%

50

0.12

200.00

11.99

89.45

NP Sweden (SE4)

39.80

-14%

46.36

0.12

109.50

9.04

79.45

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price (2019), %

Relative changes from the previous period

2018, %

NP FI & EE

88%

-6.4

95%

NP EE & LV

94%

20.2

74%

NP LV & LT

97%

-0.5

98%

NP LT & SE4

59%

-5.1

64%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average Imbalance price 2019, EUR/MWh

Relative change from the previous year, %

Average Imbalance price 2018, EUR/MWh

Estonian imbalance price[e]

47.12

-2%

48.01

Latvian imbalance price

47.81

-3%

49.07

Lithuanian imbalance price

47.81

-3%

49.09

 

Total activated energy by source country, MWh

 

Up

Down

Estonia

20 413

22 648

Latvia

28 465

15 676

Lithuania

55 357

22 454

Finland

45 462

110 279

Sweden

22 428

43 950

 

Average standard bid amount in hour, MW

% of hours with no standard bids (average in 2019)

 

Up

Down

Up

Down

Baltics

4024

3556

0.5%

10.9%

Estonia

333

358

17.2%

33.7%

Latvia

1775

941

8.7%

42.0%

Lithuania

1917

2257

8.2%

21.9%


[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) and Lithuania- Kaliningrad border

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

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