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.
What energy sources does Latvia use?
Alongside hydroelectric power, Latvia also utilizes other renewable sources like wind and solar energy, though to a lesser extent. The country's diverse energy mix is indicative of its commitment to reducing carbon emissions and promoting sustainable energy practices.
Why does Latvia import and export electricity?
Latvia's connection to neighboring countries enables it to import and export electricity, depending on demand and supply dynamics. The interconnectivity with neighboring countries not only ensures a stable electricity supply but also encourages competition and price regulation in the market.
Why does Latvia have a diverse energy mix?
The country's diverse energy mix is indicative of its commitment to reducing carbon emissions and promoting sustainable energy practices. As a member of the European Union, Latvia is an active participant in the EU electricity market.
What timezone is electricity in Latvia?
Timezone is Central European Time (CET) with Daylight Saving Time (DST). Current time: Thu, 07 Nov 2024 22:04 Data source is Electricity spot prices in Latvia today, hour by hour. Including prices for the last 30 days.
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.
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Sure Power Energolukss is the leading full-service supplier of energy-efficient and sustainable backup and guaranteed power supply solutions in Latvia since 1997. Our services are chosen by clients for whom professionalism, quality and experience are important. Energolukss also successfully uses the accumulated experience in providing energy-saving and electromobility …
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