2018
01/11
Starting from 10 January, the electronic trading system for raw timber produced in State-owned forests will be administered by BALTPOOL UAB, the energy exchange operator belonging to the State-managed EPSO-G group of companies. Prior to that, the Directorate General of State Forests under the Ministry of the Environment was responsible for the trade in State-owned timber. The purpose of the wholesale trading system for raw timber and timber harvesting residues produced in State-owned forests administered by BALTPOOL is to provide
2017
12/20
Please be informed, that trading in the Energy Exchange 52nd week of the 2017 year (25/12/2017 - 31/12/2017) will be held on the first working day of this calendar week (27/12/2017), by the Order No. IS-170052 of the  Chief Executive Officer of Energy Exchange operator BALTPOOL
2017
12/14
Turnover of the biomass Exchange has decreased due changed trading strategy In November, the turnover of the BALTPOOL biomass Exchange dropped by 14% compared to October – from EUR 7.849 million to EUR 6.753 million. The weighted average prices under concluded transactions increased by 2% per month – from 176.80 EUR/toe to 180.16 EUR/toe. The prices grew by 21% compared to November 2016 (148.46 EUR/toe). The decrease in the turnover was due to the changed trading strategy in the heating
2017
11/20
On 10 November 2017, the National Commission for Energy Control and Prices approved new, 13% lower fees of BALTPOOL Energy Exchange for market participants trading in biomass. A substantial change in fees will be the application of a trade fee 0.61 Eur per toe instead of 0.7 Eur per toe, which was valid from 15 August 2016. As before, the annual membership fee will not be charged to the participants. The new fee will apply for contracts concluded on the
2017
11/20
First reserve product transactions concluded at BALTPOOL biomass Exchange The first biomass reserve product transactions were concluded at the biomass Exchange on 31 October: buyers purchased 390 toe of biomass reserve product in Žemaitija for the weighted price of 213.38 EUR/toe. Biomass reserve products constitute a method for biomass buyers to secure the availability of biomass in case deliveries are interrupted during the cold season of the year. A buyer that purchases a biomass reserve may demand at any time
2017
11/06
By Order No. IS-170045 “Regarding approval of the biomass product reference price” of Chief Executive Officer of 6 November 2017, the Operator set the following Reference price for transactions of purchase and sale of biomass reserve products concluded at the Exchange and implemented during the 2017–2018 cold season of the year for the respective biomass products traded at the exchange: Product code SM1 SM1W SM2 SM3 MG1 MG2 Reference price, EUR/toe (excl. VAT) 166.06 164.36 161.68 157.31 372.90 340.09 No
2017
10/16
Volumes of trade in biomass have jumped by thirty percent due to the approaching winter season September in BALTPOOL biomass Exchange is traditionally characterised by the most active trade of the year. The value of concluded contracts reached EUR 8.5 million, which was 30 percent more than in August (EUR 6.5 million). Even 80 percent of biomass was purchased for the heating season. By 3 October, when trade in half-year contracts for the heating period ended, the total quantity of
2017
10/05
The Operator of the Energy Exchange includes a biomass reserve product for trading in the Exchange. Under Article 29 of the Law on Energy, this product can be considered the reserves of energy sources. The principles of trade in biomass reserve products have been set out in the Rules on Trade in Biomass Reserve Products approved by the Operator. The rules set out: participants will be able to conclude contracts in the Exchange, accumulate reserve stocks of wood chips and
2017
09/27
At the beginning of this year, BALTPOOL specified technical specifications of wood chips products. Major changes were done with fraction size requirements. In order to facilitate the biomass transfer process, BALTPOOL made biomass chips samples research, which would help to determine the approximate amount of small fraction in the biomass visually. If you have any comments or proposals, please, don’t hesitate to contact us
2017
09/25
Starting from 25 September, 2017 new wording of 9.7 and 9.12 paragraphs of Typical Conditions of Supply of Biomass come into force. You can get familiar with the Typical Conditions of Supply of Biomass here: Typical Conditions of Supply of Biomass
2017
09/20
A trade leap in the Biomass Exchange in the last summer month In August, as heat producers started preparations for the approaching heating season, the turnover of BALTPOOL Biomass Exchange increased 2.5 times – from EUR 2.66 million in July to EUR 6.54 million in August. Nearly 70% of transactions accounted for long-term supply for the 2017–2018 heating season. Nineteen per cent of the theoretical required amount was purchased in the Exchange for the approaching heating season by 1 September
2017
08/11
Increasing prices of biomass raw materials result in price growth in the Exchange In July, 8% less biomass was sold via the BALTPOOL Biomass Exchange compared to June, but the turnover of the Exchange only decreased by 3.3% due to the increased biomass prices. The price increase was due to the growing prices of biomass raw materials and the growing biomass prices in the markets of the neighbouring countries. Comparison of the prices of class II and III calorific category
2017
07/21
From now on biomass prices of the Lithuanian Energy Exchange BALTPOOL will be quoted in the monthly publication Forest Energy Monitor prepared by the British company Hawkins Wright Ltd. for the international biomass market participants. BALTPOOL Energy Exchange, which is part of the energy transmission and exchange group EPSO-G, will present Lithuanian wood chips and wood pellets price quotes for the publication Forest Energy Monitor every month. ‘It is one more step towards the implementation of our goal to become
2017
07/18
The turnover in BALTPOOL biomass exchange amounted to EUR 2.76 million in June – it was approximately EUR 150 thousand higher than in June 2016 and about a quarter less than in May 2017 (EUR 3.76 million). The decrease in turnover of the exchange was caused by 73 percent drop in the number of one-month and one-quarter contracts, which, as the long-term trends of the exchange show, should recover in July, when heat producers start actively preparing for the heating
2017
07/13
Please be informed that the new version of Solid Biomass Accounting Rules came into force from 5 July 2017, amended by the Order No. 1-156 of the Minister of Energy of Lithuania of 19 June 2017. Considering the changes made in the Rules, the operator of the Energy Exchange amended the Typical Conditions of Supply of Biomass by the Order No. IS-170035 of 7 July 2017. You can get familiar with the Typical Conditions of Supply of Biomass is here
2017
06/14
Preparations for the next winter season increase biomass exchange turnover In May, the turnover of BALTPOOL biomass exchange increased by 64% compared to April – from EUR 2.29 million to EUR 3.76 million. The increase was mostly due to the increased trade under long-term transactions: this trade grew 3 times from 6,306 TOE to 18,132 TOE. Nearly one half of the biomass sold under long-term transactions will be supplied during the next winter season. A total of nearly 9,000 TOE
2017
05/30
In order to avoid possible inaccuracies while rejecting a Fuel Quantity and Quality Report (hereinafter – Report), BALTPOOL has improved the ETS Report Rejection functionality. Henceforth, if the seller disagrees with qualitative values indicated by the buyer in the Report, before rejection of the Report the seller shall indicate (by ticking the relevant box in ETS) which particular qualitative values stated in the Report the seller disagrees with. The precise Report rejection information shall be automatically sent to the buyer
2017
05/23
First buyers from Latvia have registered in the BALTPOOL biomasss exchange: a FORTUM group company: SIA „Fortum Latvia” and SIA „Sveaskog Baltfor”. SIA "Fortum Latvia" is one of the leading electricity and heat production companies in Latvia, the cogeneration plant is located in Rupniecibas iela 73A, Jelgava. CHP electrical capacity is 23MW, but the heat capacity is 45MW. To ensure the CHP plant operation, 400 000MWh of woodchips are necessary annually. SIA "Fortum Latvia" will place first buy orders in
2017
05/22
During the 2016–2017 heating season, a record amount of biomass – 302,600 TOE – was delivered through the BALTPOOL biomass exchange. Compared to the 2015–2016 winter season, when 228,900 TOE of biomass was sold through the exchange, trade volumes increased by 32.24%. During the winter season, fuel was delivered under 3,198 transactions, with the value of the delivered fuel amounting to EUR 44.36 million. Transactions were concluded by 62 Lithuanian buyers and 102 Latvian and Lithuanian sellers
2017
05/15
Heat producers start preparations for the next heating season In April, before the end of the 2016–2017 heating season, the first transactions for the 2017–2018 winter season were concluded in the biomass exchange: 1,716 TOE of woodchips were purchased in Utena County. The biomass was purchased for 132.73 EUR/TOE, which is 5.11% cheaper than the average price of biomass in the same county during the preceding heating season (139.87 EUR/TOE). The overall turnover of the biomass exchange in April dropped