Riga outdoor power commercial electricity price

How much does electricity cost in Latvia in 2025?

In June 2025, the average electricity price in the Latvian bidding area decreased to EUR 43,06 per megawatt hour (EUR/MWh), which is 37% less than in May, while compared to June 2024, the price is 53% lower.

What is the main source of electricity in Riga?

It is the primary source of electricity in Riga, while Riga reservoir is a source of tap water for the majority of Riga residents. In addition, the power plant is used as a compensation plant for TEC2 thermal power plant to regulate voltage in electrical networks and to compensate the power deficiencies.

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 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.