Latvia electricity prices
The residential electricity price in Latvia is
EUR 0.244 per kWh or USD 0.263.
The electricity price for businesses is
EUR 0.113 kWh or
USD 0.122.
These retail prices were collected in June 2024 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 December 2024 are available for download.
Sources: Elektrum Latvija, Sabiedrisko pakalpojumu regulēšanas komisija (SPRK)
Electricity price analysis for Latvia
- Residential electricity prices in Latvia are 173.74% of the world average electricity price and 118.18% of the average price in Europe.
- Business electricity rates in Latvia are 81.73% of the world average price and 64.14% of the average in Europe.
- Household rates are 215.93% of the business rates.
- Electricity prices paid by small businesses in Latvia are 137.17% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 130.13% of the price paid by households with high electricity consumption.
The energy mix of Latvia
Based on the United States Energy Information Adminstration data from 2022, electricity in Latvia is produced from the following sources: fossil fuels 27.48%,
wind 4.70%,
solar 0.25%,
hydro 67.57%,
nuclear 0.00%, and
geothermal 0.00%.
You can also compare the energy mix of Latvia to other countries.
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