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Biomass and heat trade statistics August of 2022

2022 09 08

As the heating season approaches, we will be publishing statistics and information on the preparation for the heating season in these monthly trade statistics reviews.

PREPARATION FOR HEATING SEASON

  • Compared to the demand for biomass in 2021 during the heating season, currently 26% of biomass demand is agreed for the winter. If we evaluate the preparation of biomass for the first half of the heating season, then 38% of biofuel is prepared according to last year’s demand in the same period. Last year, only 22% of the required amount of biofuel was prepared for the first half of the heating season.
  • In 2022 the winter weighted price (44.81 Eur/MWh) is 93% higher compared to the last season (23.22 Eur/MWh). Looking at the price difference comparing counties, the biggest price difference can be seen in Curonian Spit (185%) and Klaipėda county (144%). The smallest price difference is in Šiauliai (82%) and Marijampolė counties (56%).

Delivery statistics in Lithuanian counties for winter 2022

Buyer county Finalized contract price, Eur/MWh Finalized contract amount, MWh Price difference compared to previous heating season
Alytus county 50.16 46 760 101%
Kaunas county 49.34 216 760 97%
Klaipėda county 55.18 98 850 144%
Curonian Spit 55.00 5 040 185%
Marijampolė county 47.00 420 56%
Panevėžys county 44.45 129 640 106%
Šiauliai county 36.09 312 410 82%
Tauragė county 47.76 22 750 90%
Telšiai county 51.18 62 160 117%
Utena county 46.39 46 060 131%
Vilnius county 44.22 165 200 92%
Total 44.81 1 106 050 93%

Preparation of Lithuanian counties for the upcoming winter season

The bubbles shown on the map correspond to the amount of biomass purchased in the counties, and the numbers next to the bubbles are the ratio of the currently purchased amount of biomass to the specific county’s need for biomass, based on last year’s data during the heating season

BIOMASS AUCTION STATISTICS

  • The value of the BWCS (Baltpool Wood Chips SPOT) LT index reached 45.40 Eur/MWh. Compared to the value of July, the growth of the index grew by 18%, and compared to the results of the same period last year, the value of the index is 201% higher.
  • The total amount of biomass delivered, compared to July, increased by about 19% to 277,010 MWh. Transactions in August show a light preparation for the upcoming heating season – 42% of the total volume are long-term contracts, the delivery of which is expected during the heating season. Compared to the corresponding period last year, the amount of biomass to be delivered is 34% higher.
  • The average price of short-term transactions concluded in Estonia was 30.00 Eur/MWh.
  • The average price of short-term transactions concluded in Latvia was 46.89 Eur/MWh.

WOOD CHIPS PRODUCT STATISTICS

One-week contract prices

Contract prices and turnovers

Lithuania, Eur/MWh Latvia, Eur/MWh Estonia, Eur/MWh Turnover, MWh
Short-term (W+M) 46,35 45,95 29,27 408 590
Future prices according to current long-term transactions (Q+H):
     Q04-2022 44,80 38,00 722 260
     Q01-2023 44,49 358 540

WOOD PELLET PRICE STATISTICS IN LITHUANIA

One-week contract prices

Contract prices and turnovers in Lithuania

Lowest price, Eur/MWh Highest price, Eur/MWh Weighted average price, Eur/MWh Turnover,
MWh
Short-term (W+M) 53.00 119,50 97,77 2 620

OTHER PRODUCT PRICE STATISTICS

One-week contract prices

Contract prices and turnovers in Lithuania (all supply periods)

Lowest price, Eur/MWh Highest price, Eur/MWh Weighted average price, Eur/MWh Turnover,
MWh
Peat for fuel 23,00 23,00 23,00
Biomass and lignin mixture 24,50 26,00 25,46 980

HEAT AUCTION STATISTICS

  • In August 2022, an auction was held for the purchase of heat quantities for September 2022.
  • The weighted average heat purchase price was 4.59 ct/kWh and was 53% higher than the heat supplied for the month of July (3.00 ct/kWh). Compared to the same period last year, the price is 206% higher (1.50 ct/kWh).
  • For the month of September, the amount of heat purchased amounted to 188,823 MWh – this is 10% more than the amount of heat purchased for the month of August, and compared to the results of the same period last year, the amount of heat purchased decreased by 3%.
  • Sellers offered to sell 309,430 MWh of heat at the auction, which is 18% less than the August heat supply. Compared to 2021 the amount of heat offered for sale in auctions for the month of September decreased by 25%.

August heat auction results

Country’s average heat price, ct/kWh

TIMBER TRADE STATISTICS