News
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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The operation of the Biomass Exchange in Sweden has commenced.
2020-07-13
The new partner, Svebio - Swedish Bioenergy Association, will encourage Swedish buyers and sellers to join the Exchange and conclude contracts there. We are currently modelling the system to ensure convenient trade for Swedish biomass suppliers and consumers. We hope to conclude the first contracts in Scandinavia at the beginning of the new heating season. According to Andrius Smaliukas, CEO of Baltpool – The agreement with Svebio, the partner in Sweden, is significant for the Company’s expansion to foreign countries
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Enefit Energiatootmine AS group joins Baltpool biomass exchange.
2020-06-02
We are proud to announce that Enefit Energiatootmine AS, the biggest Estonian energy supplier, is now participating in the Baltpool energy exchange. Enefit Energiatootmine AS, which belongs to Eesti Energia group, has joined the Baltpool biomass exchange. Three registered power plants from Ida-Viru region use wood chips and mainly waste wood to produce electricity and heat: Balti Elektrijaam (Narva):192 Mw power generation capacity for electricity and 405 Mw for heat production Eesti Elektrijaam (Auvere): 194 Mw power generation capacity for
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Trade volumes in Latvia doubled!
2020-05-25
Baltpool energy exchange tradе volumes in Latvia during the first five months of 2020 have almost doubled compared to the volumes of all of 2019! We would like to thank our clients for their cooperation and encouraging us to continually improve and grow together! Please find short statistics about our cooperation in Oct 2019 – Mar 2020 heating season here
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Timber Exchange review – April 2020
2020-05-14
In April, trade under short-term contracts via the Electronic Timber Trading System (ETTS) was very active, with the sales volumes increasing 3.5 times compared to April last year. The supply of timber under short-term contracts increased by 76% and the total quantity ratio of purchased to offered timber decreased from 1:4.3 to 1:2.1 compared to April 2019. It is therefore evident that the COVID-19 pandemic has not had any material effect on timber trade. A total of 75,944 solid m3
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Biomass Exchange review – March 2020
2020-04-19
The increased turnover of the exchange signals the start of new long-term transactions and expiry of earlier ones In March, the price of woodchips at the Baltpool biomass exchange changed only slightly compared to February: the decrease was only 0.5% with the price at 115.58 EUR/TOE (9.94 EUR/MWh). The turnover has nearly tripled in March (from EUR 1.953 million to EUR 5.825 million), which was due to the increased trade under long-term contracts for the warm season and the first
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Timber Exchange review – March 2020
2020-04-17
After the very active February, trade via the Electronic Timber Trading System (ETTS) under short-term transactions in March has remained equally active, despite the COVID-19 pandemic and quarantine announced in Lithuania in mid-March. Quite the contrary, sales volumes have grown 5.5 times compared to March 2019, but this can be related to the increased supply of timber under short-term transactions. This is also demonstrated by the auction schedule, which is already full for the two forthcoming weeks. A total of
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Timber Exchange review – February 2020
2020-03-20
Trade was very active in the first two months of this year. A total of 50,507 solid m³ of timber was sold via the Electronic Timber Trading System (ETTS) by the end of February 2020. Similar market activity in the month of February was last recorded in 2015. The supply of firewood and timber harvesting residues was particularly high – a surplus of these assortments has been observed from the very beginning of the heating season. Ninety-one auctions were held
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Recommendations for the biomass acceptance procedure during quarantine
2020-03-19
With consideration of the threat of the coronavirus (COVID-19) spreading and the related quarantine announced in the country, the operator of the energy exchange BALTPOOL UAB (hereinafter the Operator) hereby presents its opinion and recommendations regarding the biomass acceptance procedure in the process of implementing transactions concluded at the exchange. We would like to remind you that clause 6.13 of the Typical Conditions of Supply of Biomass stipulates that “The representatives of both parties shall confirm the fact of taking