Latvia’s first biomass trading platform BioEx has been included as an eligible exchange in the Cabinet of Ministers’ Regulations on Sustainability and greenhouse gas emission saving criteria, criteria for electricity produced from biomass fuels and the procedure for substantiating, certifying and monitoring compliance with these criteria. The amendments to the Cabinet Regulations entered into force on July 19.
Latvia’s first biomass trading platform BioEx has been gathering speed and in auctions there have been bids for 80,220 MWh, while sale offers have reached 135,230 MWh. The number of participants is also growing, there are 23 buyers, 49 sellers on the platform who have already conducted 38 successful transactions.
On February 6, the first trading session on the BioEX biomass trading platform was successfully carried out and the first transaction was implemented – a sale of woodchips in the volume of 350 MWh for EUR 14 350 or EUR 41 per 1 MWh.
The first trading session confirmed, that the platform solution works as planned. At this stage we have almost twenty applications from market participants and we are continuing to verify them in order for the trading session participant numbers and deal volumes to grow already in the near future,
says Gunārs Greiža,Board Member of BioEx.
The next trading session will take place on February 13.
The Latvian company BioEx has today introduced the first biomass trading platform in Latvia, which will serve as an online tool for everyone who uses biomass in Latvia – from producers and traders to heat supply and cogeneration companies. The goal of BioEx is to bring together all important Latvian energy and forestry companies that use biomass in their operations on the new platform. Registration of market participants on the platform starts today, but the first trading session is scheduled for February 6, 2023.