From now on biomass prices of the Lithuanian Energy Exchange BALTPOOL will be quoted in the monthly publication Forest Energy Monitor prepared by the British company Hawkins Wright Ltd. for the international biomass market participants.
BALTPOOL Energy Exchange, which is part of the energy transmission and exchange group EPSO-G, will present Lithuanian wood chips and wood pellets price quotes for the publication Forest Energy Monitor every month.
‘It is one more step towards the implementation of our goal to become an international biomass trading centre of our region. From now on participants of the Lithuanian and neighbouring markets will be able to objectively compare the formed and forming prices in our region with the supply and demand trends of biomass in other countries, and the publicly announced wood chips and wood pellets price quotes will increase the interest of biomass producers and buyers in the trade on BALTPOOL Exchange’, the CEO of BALTPOOL Andrius Smaliukas states.
3 buyers and 16 sellers of biomass from Latvia, which successfully supply Lithuanian heat producers with fuel, have already registered on BALTPOOL Energy Exchange by now.
Hawkins Wright Ltd., which prepares international biomass reviews, has been operating in this business sector for 35 years already and is a globally recognised British company that offers market analyses, strategic business consulting and preparation of business plans. Its insights may have an impact on wood chips and wood pellets supply and demand both on the regional and international level.
BALTPOOL UAB is the operator of the Lithuanian Energy Exchange entitled to organise trade of solid biofuel products. The company also acts as the administrator of public service obligations (PSO) funds and is engaged in the collection, payment and administration of PSO funds.
BALTPOOL is part of EPSO-G UAB group which is also the owner of the controlling block of shares of the electricity transmission system operator LITGRID AB and the natural gas transmission system operator Amber Grid AB. 100 percent of shares of EPSO-G are owned by the Ministry of Energy of the Republic of Lithuania.
Biomass Exchange auctions are held on the second workday of every calendar week. 218 sellers and 78 buyers are registered on BALTPOOL Energy Exchange presently.
BALTPOOL Energy Exchange started its business according to the current model in July of 2013.
Head of Trade Division of BALTPOOL Energy Exchange
Tel.: +370 5 239 3159