Latvian electricity market overview

The neto electricity consumption in Latvia totalled 7 135 520 MWh, average Nord Pool day-ahead price for Latvian bidding area decreased to 34.03 EUR/MWh. Local generation covered 77% of national consumption.

ELECTRICITY GENERATION IN LATVIA 2020

Generation type

Current period (Year 2020), MWh

Relative changes from the previous year, (Year 2019)

Year 2019, MWh

 Daugava Hydro

2 514 338

23,5%

2 036 063

 Thermal*

1 739 352

-38,4%

2 822 835

Wind

175 084

14,8%

152 489

Cogeneration (up to 10MW)

308 543

-19,6%

383 821

Biomass (up to 10MW)

391 788

-2,0%

399 627

Biogas (up to 10MW)

309 070

-4,2%

322 780

Small Hydro (up to 10MW)

6 9671

16,4%

59 829

Solar

2 039

33,0%

1 534

 Production (Total)

5 509 885

-10,8%

6 178 978

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

LATVIAN ELETRICITY IMPORT/EXPORT
 

Current period (Year 2020), MWh

Relative changes from the previous period (Year 2019)

Year 2019, MWh

Electricity import to Latvian electricity grid

4 173 365

-9,5%

4 610 761

Export from Latvian electricity grid

2 547 730

-27,1%

3 492 683

Net exchange SALDO

1 625 635 (deficit)

45,4%

1 118 078  (deficit)

LATVIAN CONSUMPTION COVERED BY LOCAL GENERATION

 

Current period (Year 2020), MWh

Relative changes from the previous year, (2019)

Year 2019, MWh

Latvian electricity consumption

7 135 520

-2,2%

7 297 056

Consumption share covered by local generation

77,2%

-7,46, (percentage points)

84.7%

UTILIZATION OF BALTIC INTERCONNECTIONS

Interconnections

Average year 2020  utilization[1], %

Relative changes from the previous period, (Year 2019),percentage points

Lowest fixed monthly utilization of the year 2020

Highest fixed monthly utilization of the year 2020

LV   ->  LT

19%

6

8,7%

36,9%

EE  -> LV[2]

29%

0

22,8%

73,5%

LBI[3]- > LT

79%

0

13,4%

56,7%

LT -> LV

9%

-11

1,4%

23,2%

PL   ->  LT

12%

2

27,5%

64,2%

LT  ->  PL

48%

-7

50,7%

95,2%

SE4  - >  LT

80%

15

1,5%

15,4%

FI  - >  EE

75%

29

53,6%

90,9%

LV- >  EE

4%

-4

0,1%

11,1%

EE - >  FI

0%

-3

0,0%

1,2%

LKAL[4] - >  LT

95%

-4

84,9%

99,8%

LT-> SE4

1%

-4

0,0%

7,8%

LRI-> LV

37%

37

33,5%

40,8%

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

Current period, (Year 2020), MWh

Relative changes from the previous period, (Year 2019)

Year 2019, MWh

Year 2018, MWh

Import from 3rd countries to the Baltic States

3 949 672

-50%

7 823 174

5 502 328

Import from EU countries to the Baltic states

11 455 952

45%

7 913 798

6 018 101

REGIONAL DAY-AHEAD PRICES (NORD POOL)

Price area

Average year 2018 price EUR/MWh

Average year 2020 price EUR/MWh

Relative change compared with previous year

Average year 2019 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

46,8

28,00

-36%

44,04

-1,73

254,44

2,69

107,42

NP Estonia

47,07

33,68

-27%

45,86

-1,73

255,03

4,25

107,42

NP Latvia

49,9

34,03

-26%

46,28

-1,73

255,03

4,25

98,51

NP Lithuania

50

34,02

-26%

46,12

-1,73

255,03

4,25

98,51

NP Sweden (SE4)

46,36

25,83

-35%

39,8

-1,96

254,44

1,13

84,70

COMPARISON OF PRICES BETWEEN NEIGHMOURING PRICES AREAS (NORD POOL)

Comparable NP price areas

Hours with the same price, (Year 2020), %

Relative changes from the previous period(Year 2019)

Year 2019, MWh, %

Year 2018, MWh, %

NP FI & EE

67%

-21,1

88%

95%

NP EE & LV

95%

1,3

94%

74%

NP LV & LT

98%

1,1

97%

98%

NP LT & SE4

53%

-6,4

59%

64%

IMBALANCE ENERGY PRICES FOR LATVIA
 

Average price year 2020, EUR/MWh

Relative change from the previous year, %

Imbalance price year 2019

Imbalance price year 2019

Estonian imbalance price[5]

37,52

-20%

47,06

47,96

Latvian imbalance price

37,63

-21%

47,74

49,00

Lithuanian imbalance price

37,65

-21%

47,75

49,02

 

Total activated energy by source country, MWh (year 2020)

Change compared to year 2019

Total activated energy by source country, MWh (year 2019)

 

Up

Down

Up

Down

Up

Down

Estonia

28138

14962

38%

-34%

20413

22648

Latvia

34881

21065

23%

34%

28465

15676

Lithuania

71300

24041

29%

7%

55357

22454

Finland

24578

97700

-46%

-11%

45462

110279

Sweden

15518

44682

-31%

2%

22428

43950

 

Average standard bid amount in hour, MW

Change compared to previous year

% of hours with no standard bids

 

Up

Down

Up

Down

Up

Down

Baltics

293

300

-11%

2%

0%

10%

Estonia

29

22

48%

17%

1%

40%

Latvia

125

80

-28%

-11%

10%

39%

Lithuania

139

198

-5%

4%

2%

21%

 

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

[2] Estonian - Latvian interconnection includes Estonian-Latvian and Estonian-Russian- Latvian interconnection

[3] 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

[4] 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

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