News
-
Swedish company Stockholm Exergi starts operating in the Baltpool Biomass Exchange
2021-01-22
Stockholm Exergi, one of Sweden's largest energy companies, has joined the Baltpool International Biomass Exchange as of January this year. According to Andrius Smaliukas, CEO of Baltpool, the addition of such a strong energy sector player demonstrates a recognition of the value created by the biomass exchange and its attractiveness at the international level. Monica Lundgren, Head of Fuel Supply Management at Stockholm Exergi, agrees. “Trading at Baltpool will increase the number of suppliers that are available to us, and
-
The entry into force of the radiation protection regulations for biomass imported into Latvia is postponed until 1 April 2020
2020-12-31
We hereby remind that the Latvian Cabinet of Ministers adopted the Regulation No. 576 on 15 September 2020 (hereinafter the “Regulations”), which prescribe more stringent radiation protection requirements for biomass (firewood, woodchips, and sawdust) imported into the territory of Latvia from another country, with application starting as early as 1 January 2021. The start of application of the requirements has been postponed until 1 April 2021 after the Republic of Lithuania and the Republic of Estonia submitted comments to the
-
Denmark writing about BALTPOOL
2020-12-16
Energy Supply (Denmark) writing about our activity start as "Baltpool" in Denmark from 2021
-
Timber Exchange Trade Overview – November 2020
2020-12-15
In addition to short-term auctions, a half-year action was held in November and, after a break of more than two years, a long-term auction was held, and the State Forests Directorate offered a total of more than 1.2 million solid m3 of timber for sale at these two auctions. Both auctions can be viewed as successful and have received considerable buyer attention. A total of 252 participants took part in the half-year auction, and 121 participants participated in the long-term auction
-
BALTPOOL – an international online biomass exchange set to offer more options to the Danish energy market
2020-12-04
BALTPOOL - аn international digital biomass exchange, is ready to up its commitment to the Danish solid biomass market by launching its operation under its own brand name (https://www.baltpool.eu) starting January 1, 2021. BALTPOOL‘s direct presence will provide Danish customers a one-click option to trade woodchips and pellets from home with convenient online access to the markets of neighboring countries. With 136 buyers and more than 300 sellers from different countries on board, BALTPOOL’s online trading system is often ranked among the best-organized models for biomass trade in Europe. It has already turned into a key instrument for liquid and competitive biomass market transactions in Lithuania
-
API (Application programming interface)
2020-12-03
BALTPOOL UAB offers a software programming interface (hereinafter – API) to effectively integrate the biomass electronic trading system (hereinafter – ETS) into existing customer systems and improve the user experience by ensuring convenience, efficiency and accurate reporting. BALTPOOL offers the following API methods: Receive information on transactions concluded by the company; Receive supply schedule information. Receive and create reports on fuel quantity and quality indicators; Receive waybill information. Get started with BALTPOOL APIs BALTPOOL API is only available to our
-
Biomass exchange overview – October 2020
2020-11-16
In October, foreign trade totalled 2,100 MWh. In Estonia, one of the largest buyers of this market, Enefit Energiatootmine AS controlled by the Ееsti Energia group, continued to trade under Spot contracts during all trading sessions, and the number of sellers during the sessions continues to grow. In Latvia, a contract was concluded in Kurzeme region. The weighted price under contracts amounted to 9.90 EUR/MWh in Latvia and 12.64 EUR/MWh in Estonia. The price in Latvia decreased by 22% compared
-
Timber Exchange Trade Overview – October 2020
2020-11-16
European timber exporters have increased the share of sales to overseas countries from 30% to 45% over the past decade, and, in 2020, more than one fifth of their timber was exported to Asia. The current unique situation has provided European producers with new opportunities: demand for timber in Europe has dropped and supply has increased considerably, while the countries with the greatest demand for timber lack their own timber resources. The four major European exporters – Sweden, Finland, Germany
-
New radiation protection requirements for biomass imported into Latvia
2020-10-26
On 15 September 2020, the Latvian Cabinet of Ministers adopted Rules No. 576, which prescribe more stringent radiation protection requirements for biomass (firewood, woodchips and sawdust) imported into the Latvian territory that will apply starting 1 January 2021. WE WOULD LIKE TO NOTE THAT THESE REQUIREMENTS WILL APPLY TO ALL BIOMASS SUPPLIES TO THE LATVIAN TERRITORY STARTING 1 JANUARY 2021, IRRESPECTIVE OF WHETHER A CONTRACT UNDER WHICH A SUPPLY IS TO BE CARRIED OUT IS CONCLUDED BEFORE THE 1 JANUARY
-
Biomass exchange overview – September 2020
2020-10-14
Foreign trade was more active in September than in August. Some largest buyers of Estonian and Latvian markets were purchasing biomass on the exchange. Short-term contracts for the supply of 7,000 MWh of biomass were concluded. The weighted contract price was 11.73 EUR/MWh in Latvia and 12.42 EUR/MWh in Estonia. Compared to the same period of 2019, the price in Latvia decreased by 6% and the price in Estonia, since the last transaction concluded in March 2020, has fallen by
-
Timber Exchange Trade Overview – September 2020
2020-10-12
In September 2020, the Timber Spot LT index increased by 3.6% and reached 34.12 EUR/solid m3. Compared to September 2019, the value of the index was 9.8% higher. After the record lows in October 2019 (27.97 EUR/solid m3), the value of the index that has been increasing for the fifth consecutive month has reached the average of the past 5 years (34.74 EUR/solid m3). READ MORE
-
ETTS the procedure for payment of the initial contribution changes
2020-10-07
We would like to inform you that the procedure for payment of the initial contribution in the Electronic Timber Trading System (ETTS) is changing. From 12/10/2020, when making the payment of the initial contribution, in payment details section insert only the Auction ID. Auction ID consists of 4 digits, which you will find in the "General Information" section of each auction
-
Changes in Baltpool Biomass Exchange
2020-09-15
Amendments to the Energy Exchange Regulation, the Conditions of Trade in Biomass Products and the Typical Conditions of Supply of Biomass take effect on 1 September 2020. A summary of what each participant of the exchange must know is provided below. I. Commencement of trade in MWh. 1. The following multiples and minimum quantities of an indivisible order shall apply: Purchased quantity of woodchips per week (pellets) Indivisible quantity per woodchips order (pellets) Minimum quantity per woodchips contract (pellets) <700 MWh per week (<300 MWh) 70 MWh (10 MWh) Quantity indicated
-
Biomass exchange overview – August 2020
2020-09-14
In August, the most active foreign trade was in Latvia. Short-term contracts for 1,745 MWh of biomass were concluded. The weighted price of the contracts was 10.49 EUR/MWh. The price decreased by 17% compared to the same period of 2019. Lithuanian prices under SPOT contracts are currently 31% lower than in Latvia. Read more
-
Timber Exchange Trade Overview – August 2020
2020-09-10
A total of 119 short-term auctions were announced in August, of which 83 auctions were completed (at which at least one buyer offer was presented). These auctions received offers from 109 participants, of which 99 participants concluded contracts. The data of Q1 2020 for China, the world's second largest timber market, shows a drop both in imports and exports. Read more
-
From September 1st. tonne of oil equivalent (TOE) to megawatt hours (MWh)
2020-08-25
Starting on 1 September, trade at the Baltpool biomass exchange will be implemented using megawatt hours (MWh) instead of tonnes of oil equivalent (TOE). It is a small, yet important change. This change will help market participants to trade at the exchange and compare prices on other markets with more ease. More favourable conditions for trade and competition as well as Baltpool operations abroad (including expansion in Sweden) will be provided. According to Andrius Smaliukas, head of Baltpool, energy resources
-
Timber Exchange Trade Overview – July 2020
2020-08-20
In July, buyer activity via the ETTS was very high both in terms of the number of completed auctions and the amount of sold timber. The global timber market continues to be considerably affected by the COVID-19 pandemic and the increased supply of timber due to European forests being damaged by pests and drought and dropped prices of European timber. Read more
-
Biomass exchange overview – July 2020
2020-08-13
The total turnover of the exchange increased by 39% in July. Buyers are using a novel strategy of buying biomass for the forthcoming heating season. Trade abroad was successful, and contracts for 14,026 MWh of biomass were concluded. Continue reading
-
Biomass exchange trade overview – June 2020
2020-07-20
Compared to the price of the heating season in Lithuania last year (12.54 EUR/MWh), the currently forming price of the forthcoming heating season is 14% lower (10.73 EUR/MWh). To date, approximately 25% of the total demand for biomass of the forthcoming heating season has been satisfied. The greatest share (approximately 69%) was secured by Tauragė County. This figure was 62% for Utena County, 48% for Alytus County, 33% for Šiauliai County and 29% for Vilnius County. Operation of a biomass
-
Timber Exchange review – June 2020
2020-07-15
Previously unseen changes continue to be recorded on the global timber market. Historically, timber prices in Europe have been among the highest in the world over the past few decades; however, due to the significant increase in the supply of timber as a result of pests and dry weather, cheap European timber has filled all global timber markets. Germany and Sweden have recently become the major timber importers to the USA, and in Q1 2020, Sweden and Finland have for