Exchange details

Biomass and heat trade statistics July of 2022

2022 08 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 average demand for biomass during the heating season in 2019-2021 (3.7 million MWh), currently 26% of the required amount of biomass (0.96 million MWh) has been agreed for winter. Evaluating the years 2019-2021 and the amount of biomass prepared up to and including the second week of August, preparations for the winter season were stronger – in the considered period, an average 32% of the required amount or 1.2 million MWh have been agreed upon.
  • The weighted price for winter 2022 (43,81 Eur/MWh) is 88% higher compared to last season (23,27 Eur/MWh). Looking at the price differences at the county level, the biggest price difference can be seen in Curonian Spit (185%) and Klaipėda County (139%). The lowest price difference is in Tauragė (79%) 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 50,34 24 500 102%
Kaunas county 49,33 183 230 97%
Klaipėda county 54,00 71 200 139%
Curonian Spit 55,00 5 040 185%
Marijampolė county 47,00 840 56%
Panevėžys county 44,03 112 770 104%
Šiauliai county 36,09 313 530 82%
Tauragė county 45,11 12 250 79%
Telšiai county 51,95 53 760 121%
Utena county 44,88 31 360 123%
Vilnius county 43,47 149 380 89%
Total 43,81 957 860 88%

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 38.38 Eur/MWh. Compared to the value of May, the growth of the index has been fixed by 31%, and compared to the results of the same period last year, the value of the index is higher by 179%.
  • The total amount of biomass delivered, compared to June, increased by about 42% to 431,970 MWh. The preparation for the upcoming heating season is visible – 83% of the total volume is long-term contracts, the delivery of which is expected during the heating season. Compared to the corresponding period last year, the amount of biomass delivered is 58% higher.
  • The average price of short-term transactions concluded in Estonia was 27.00 Eur/MWh.
  • The average price of short-term transactions concluded in Latvia was 43.67 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) 36,42 41,63 27,00 301 680
Future prices according to current long-term transactions (Q+H):
     Q03-2022 29,00 11 550
     Q04-2022 42,94 38,00 549 010
     Q01-2023 43,10 299 390

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 95.00 85.46 2 080

OTHER PRODUCT PRICE STATISTICS

One-week contract pricesContract 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 15,00 22.50 18.33 630

HEAT AUCTION STATISTICS

  • In July 2022, an auction was held for the purchase of heat quantities for the month of August 2022.
  • The weighted average heat purchase price was 2.44 ct/kWh and was 14% lower than the heat supplied for the month of July (2.83 ct/kWh). Compared to the same period last year, the price is 105% higher (1.19 ct/kWh).
  • For the month of August, the amount of heat purchased amounted to 172 839 MWh – this is 1% more than the amount of heat purchased for the month of July, and compared to the results of the same period last year, the amount of heat purchased decreased by 2%.
  • Sellers offered to sell 352 508 MWh of heat at the auction – this is 9% less compared to July’s heat supply. Compared to 2021 the amount of heat offered for sale at auctions for the month of August decreased by 10%.

March heat auction resultsCountry’s average heat price, ct/kWh

TIMBER TRADE STATISTICS