Latvia electricity prices
The residential electricity price in Latvia is
EUR 0.270 per kWh or USD 0.300.
The electricity price for businesses is
EUR 0.160 kWh or
USD 0.178.
These retail prices were collected in December 2023 and include the cost of power, distribution and transmission, and all taxes and fees.
Compare Latvia with 150 other countries.
Historical quarterly data, along with the latest update from June 2024 are available for download.
Sources: Elektrum Latvija, Sabiedrisko pakalpojumu regulēšanas komisija (SPRK)
Electricity price analysis for Latvia
- Residential electricity prices in Latvia are 187.79% of the world average electricity price and 124.56% of the average price in Europe.
- Business electricity rates in Latvia are 112.51% of the world average price and 83.75% of the average in Europe.
- Household rates are 168.75% of the business rates.
- Electricity prices paid by small businesses in Latvia are 128.13% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 126.92% of the price paid by households with high electricity consumption.
