Check live 15-minute interval electricity prices for Latvia, along with day-ahead forecasts. Track energy spot rates and average hourly and daily power costs for the Latvian market.
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As the local government prioritizes reducing energy consumption and the adoption of renewable energy sources, changes in the electricity market can result in fluctuating prices for
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In 2024, electricity prices in the Baltic region fluctuate depending on market factors, including supply, demand, geopolitics and generation conditions. For example, at the beginning of
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Price, EUR/kWh, Price with state aid, EUR/kWh (2)
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For businesses, the evolving electricity market in Latvia presents both challenges and opportunities. Adapting to new energy sources and efficiency standards can be challenging, but it
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In December, average electricity prices in the Baltic states fell by an average of 24% compared to November, reaching the lowest level since August 2025 – 80,43 EUR/MWh. Meanwhile, compared to
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Latvia''s electricity market is becoming greener, smarter, and more flexible. With growing renewable capacity, transparent pricing, and strong policy support, the country is on track to become a regional
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State-owned Latvenergo leads electricity supply, with Conexus Baltic Grid managing gas transmission. Future priorities include offshore wind development, grid upgrades, and enhanced energy storage to
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Overall, the Latvia Retail Electricity Market is dynamic and evolving, with a focus on enhancing consumer choice and sustainability. The Latvia Retail Electricity Market is experiencing a shift
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Initial forecasts for the electricity market in December indicate the possibility of lower prices, as winter often brings higher levels of domestic generation in the region.
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