How much does electricity cost in Latvia?
In January 2025, the average electricity price in the Latvian bidding area increased to EUR 91,82 per megawatt hour (EUR/MWh), which is 1% more than in December, while compared to January 2024, the price is 22% lower. In January, 95% of Latvia's total electricity consumption was generated and injected into the grid, the highest since April 2024.
How many GOs were issued in Latvia in January 2025?
In January 2025, a total of 90 855 GOs were issued in the Latvian Domain for GOs, which is 56% less than in January 2024. Raw data can be downloaded here. * Here and in the following review, the electricity produced is the electricity injected into the grid and the electricity consumed is the electricity received from the grid for consumption.
How much does electricity cost in Lithuania?
In Lithuania, the electricity price decreased by 0,4% to 89,32 EUR/MWh; Compared to the previous month, the volume of imported electricity in the Baltic States decreased by 31%.
Does Russia's Brell grid affect electricity prices in Baltic states?
The disconnection from Russia’s BRELL grid has not increased prices in Baltic States, said Minister of Climate and Energy Kaspars Melnis in an interview to LTV programme Rīta panorāma. “There are positive trends,” said Melnis, adding that on Monday, for example, the price of electricity is cheaper than it was a week ago.
What is the lowest spot price in Latvia?
Does not include tax, local vat or other surcharges. Lowest spot price today is 0 ct/kWh in area LV1. Highest is 2 ct/kWh in area LV1. How much does it cost right now? Detailed spot price on electricity hour by hour in Latvia today. Check how much it cost to use electrical appliances with the current electricity prices in Latvia.
How did electricity prices change in the Baltic states in January?
In turn, total electricity consumption in the Baltic States remained at the same level as in December; In January, electricity price trends in the Baltic States were different - in Latvia and Estonia the electricity price increased slightly - in Latvia by 1% to 91,82 EUR/MWh, in Estonia by 9% to 91,96 EUR/MWh.
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Integration of renewable energy in the Latvian grid
Integration of renewable energy in the Latvian grid 6/12 Figure 2 : Generation-demand balance in Latvia, 2040 – Min H2 scenario. Balance before any redispatch measure is taken. Negative net imports are exports. The hosting capacity of the Latvian grid is between 3000 MW by 2030 and 5000 MW by 2040.
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Representatives of Latvenergo JSC report that last week the average price of electricity in Latvia increased by 30% and amounted to 78.43 euros per megawatt hour …
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Latvia Total Energy Consumption. Energy consumption per capita is 2.2 toe, including 3 400 kWh of electricity, i.e. around 21% below the EU average (2023). Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe) Total energy consumption has been decreasing by 2%/year since 2018, to 4.3 Mtoe in 2023, after fluctuating around 4.3 Mtoe …
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The disconnection from Russia''s BRELL grid has not increased prices in Baltic States, said Minister of Climate and Energy Kaspars Melnis in an interview to LTV programme Rīta panorāma. "There are positive trends," said Melnis, adding that on Monday, for example, the price of electricity is cheaper than it was a week ago. The minster […]
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LSM.lv portal gathered answers from the Ministry of Climate and Energy (KEM), electricity transmission operator Augstsprieguma tīkls (AST) and the State Fire and Rescue Service (VUGD) on how the synchronization process will work and what residents need to know.
Learn More →Frontpage
High voltage power transmission and servicing the 330kV and 110kV power transmission lines in the Territory of Latvia. The physical flows of electricity shown on the map are technical transit flows that enter the power system across one border and leave the power system across another border.
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Electricity prices in the Baltic region have nearly doubled since Estonia, Latvia, and Lithuania disconnected from Russia''s electricity transmission grid last week, trading data …
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Covid-19 pandemic have a major impact on producer prices. World energy and raw material prices rose sharply at the second part of 2021. Also, the dynamics of producer prices for products sold domestically will continue to be influenced by growth rates. (Macroeconomic review of Latvia, 2021)
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The chart below displays the hourly electricity prices for Latvia. Latvia is 3.48 cents per kilowatt-hour (kWh).
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The government is also changing its storage model for oil reserves to further fortify its oil security. These changes have created new vulnerabilities that Latvia needs to manage carefully. In electricity, Latvia will need to move forward with efforts to synchronise with the European grid on an accelerated timeline.
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Lowest spot price today is 1 ct/kWh in area LV1. Highest is 13 ct/kWh in area LV1. How much does it cost right now? Detailed spot price on electricity hour by hour in Latvia …
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