How much does electricity cost in Latvia in October 2024?

In October 2024, the average electricity price in the Latvian bidding area increased to EUR 91,38 per megawatt hour (EUR/MWh), which is 9% more than in September, while compared to October 2023, the price is 5% higher. In the Baltic States, the total amount of electricity injected into the grid in October decreased by 3% to 1 234 GWh.

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.

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.

What is the energy sector like in Latvia?

Latvia's energy sector primarily relies on a mix of resources. The country has a significant emphasis on renewable energy, particularly hydroelectric power, which is the main source of electricity. This reliance is part of a broader strategy to utilize sustainable and environmentally friendly energy sources.

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.

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.