Latvia electricity prices
The residential electricity price in Latvia is
EUR 0.254 per kWh or USD 0.286.
The electricity price for businesses is
EUR 0.191 kWh or
USD 0.215.
These retail prices were collected in March 2026 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 September 2026 are available for download.
Sources: Elektrum Latvija, Sabiedrisko pakalpojumu regulēšanas komisija (SPRK)
Electricity price analysis for Latvia
- Residential electricity prices in Latvia are 159.26% of the world average electricity price and 107.85% of the average price in Europe.
- Business electricity rates in Latvia are 109.10% of the world average price and 84.42% of the average in Europe.
- Household rates are 154.90% of the business rates.
- Electricity prices paid by small businesses in Latvia are 122.88% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 140.91% 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 2024, electricity in Latvia is produced from the following sources: fossil fuels 31.23%,
wind 5.02%,
solar 4.46%,
hydro 59.29%,
nuclear 0.00%, and
geothermal 0.00%.
You can also compare the energy mix of Latvia to other countries.
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