Clean Horizon has published its latest price forecasts for Estonia, Latvia, and Lithuania, reflecting the significant shifts following the Baltic states’ accession to the Central European Scheduling Area (CESA) in February 2025.

The region is undergoing a profound transformation, with five key electricity markets – Day-Ahead (DA), Intraday (ID), Frequency Containment Reserve (FCR), automatic Frequency Restoration Reserve (aFRR), and manual Frequency Restoration Reserve (mFRR) – now fully open to energy storage systems.

Key Highlights from the Market Update

• FCR: Average clearing price for the symmetric product reached €115/MW/h over the past four months.
• aFRR Capacity Reservation: Since the market launch in April 2025, average prices were €77/MW/h for UP and €340/MW/h for DOWN regulation.
• mFRR Capacity Reservation: Over the last four months, average clearing prices stood at €72/MW/h for UP and €85/MW/h for DOWN.

What’s New in This Forecast Edition

• Integration of the Intraday Continuous market
• Updated assumptions on renewable deployment and battery roll-out
• Enhanced cross-border capacity modeling to better reflect price correlation
• Revised projections of ancillary services volumes based on the latest TSO data

At Clean Horizon, we support developers, investors, and policymakers throughout the entire energy storage project lifecycle. Our services include:

• In-depth market overviews
• Granular price forecasts (Low / Central / High scenarios) across wholesale and ancillary markets
• Profitability assessments for battery energy storage systems (BESS) in Estonia, Latvia, and Lithuania

Contact us to learn more about storage opportunities in the Baltics and how we can support your project.

Learn more here: Price Forecast_Baltics S1 2025

Learn more about Price Forecasts here.