Biomass and heat trade statistics September of 2022

2022 10 06

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 37% of biomass demand is agreed for the winter. If we evaluate the preparation of biomass for the first half of the heating season, then 57% of biomass is prepared according to last year’s demand in the same period. Last year, 51% of the required amount of biomass was prepared for the first half of the heating season.
In 2022 the winter weighted price (46.49 Eur/MWh) is 101% higher compared to the last season (23.14 Eur/MWh). Looking at the price difference comparing counties, the biggest price difference can be seen in Curonian Spit (185%) and Klaipėda county (148%). The smallest price difference is in Šiauliai (86%) and Marijampolė counties (70%).

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	50.31	108 850	99%
Kaunas county	50.12	319 340	101%
Klaipėda county	55.70	138 950	148%
Curonian Spit	55.00	5 040	185%
Marijampolė county	50.70	6 650	70%
Panevėžys county	46.38	205 870	119%
Šiauliai county	36.37	322 910	86%
Tauragė county	47.70	28 700	94%
Telšiai county	51.01	73 710	117%
Utena county	47.35	103 530	135%
Vilnius county	46.13	249 830	101%
Total	46.49	1 563 380	101%

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

BWCS (Baltpool Wood Chips SPOT) LT index value reached 46.17 Eur/MWh. Compared to the August value, the index increased by 2%, and compared to the results of the same period last year, the index value is 135% higher.
The total amount of biomass delivered, compared to July, increased by about 189% to 509,230 MWh. Transactions in September show light preparation for the upcoming heating season – 58% 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 36% higher.
The average price of short-term transactions concluded in Latvia was 49.28 EUR/MWh.
The average price of short-term transactions concluded in Estonia was EUR 32.00/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)	49,24	48,83	31,25	497 070
Future prices according to current long-term transactions (Q+H):
Q04-2022	45,66	38,00	–	802 340
Q01-2023	46,44	–	–	531 440

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)	75,00	130,00	107,70	5 170

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	27,00	35,00	32,34	2 660

HEAT AUCTION STATISTICS

In September 2022, an auction was held for the purchase of heat quantities for October 2022.
The weighted average heat purchase price reached 6.20 ct/kWh and was 35% higher than the heat supplied for the previous month (4.59 ct/kWh). Compared to the results of the same period last year, the price is 170% higher (2.30 ct/kWh).
For the month of October, the amount of heat purchased amounted to 392,253 MWh – this is more than double the amount of heat purchased for the month of September, and compared to the results of the same period last year, the amount of heat purchased decreased by 11%.
Sellers offered to sell 601,849 MWh of heat at the auction – this is 94% more than the heat supply in September. Compared to 2021 the amount of heat offered for sale at auctions for the month of October decreased by 8%.