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Electricity import/exportin Baltic electricity market
April 24, 2009
Jaanus Arukaevu
Issues
1. Reminding from last Minifora: Cross-border trading and balancing procedures in Latvia.
2. Transparency: Can traders trust TSO-s?
Import and export activities: LATVIA
• No limitations to import and export
• Currently unequal treatment of Latvenergo and other traders in CB trade:
• Latvenergo has the only open supply agreement over Latvian border, instead of TSO. No other trader has right to do so
• Balancing energy price will be actually set by Latvenergo, not TSO
• Spread of balancing energy has become enormous
• Latvenergo do not have imbalance, other traders have no right to avoid imbalance with the same means
• Current regulation should be changed in order to provide equal access to the network service to all market participants
Present
Future
?
Balancing energy pre-set price for September 2008
NB! imbalance price spread is up to 60,5 EUR/MWh!And TSO can procure it only from Latvenergo!
(1 LV = 1,41 EUR)
Balancing energy pre-set price for September 2008, April 2009
(1 LV = 1,41 EUR)
NB! imbalance price spread 30 EUR/MWh is still high!
Transparency: Can traders trust TSO-s?
*Photo taken in LEO office 2.10.2008 in Vilnius
•TSO-s are leaking.
•How? •Intregrated IT-systems provide kind of information from TSO to “friendly trader”
•Do TSO-s still deliver that kind of sensitive information to power companies on regular bases?•In Estonia?•In Latvia?•In Lithuania?
THANK YOU!