Electricity price in Latvia today
On Monday 26 October, electricity in Latvia costs 0.88 c/kWh on average incl. VAT. The cheapest clock hour is 04:00–05:00, at 0.01 c; the most expensive is 16:00–17:00, at 3.61 c. On Monday 26 October, electricity in Latvia costs 0.73 c/kWh on average excl. VAT. The cheapest clock hour is 04:00–05:00, at 0.01 c; the most expensive is 16:00–17:00, at 2.99 c.
Prices in c/kWh (1 c = €0.01) · times in Riga time
Price now
18:30–18:45 · prices published Sun 25 Oct 14:16
1.331.10 c/kWh incl. VATexcl. VAT
Average today 0.880.73 · 0.510.43 c higher than yesterday (avg 0.370.30)
Overall, today is cheap: the average price is 93% lower than the average of the last 30 days. The levels only compare prices within the day.
Cheapest clock hour ahead: 23:00–24:00 · 0.440.37 c
When is electricity cheapest?
Cheapest continuous period from now, past midnight too once tomorrow's prices are out. Average price incl. VATexcl. VAT, c/kWh.
- 1 hour 23:00–24:00 in 4 h 16 min average 0.440.37 c
- 2 hours 22:30–00:30 in 3 h 46 min average 0.500.42 c
- 3 hours 22:00–01:00 in 3 h 16 min average 0.550.45 c
- 4 hours 21:00–01:00 in 2 h 16 min average 0.600.49 c
Most expensive clock hour left today: 18:00–19:00 (1.451.20 c)
Price through the day
Now 18:30–18:45 · 1.331.10 c/kWh incl. VATexcl. VAT
c/kWh incl. VATexcl. VAT, per quarter hour. Colours compare each price with the day’s average; a price is marked as expensive only if it is above the average by at least 1.211 c.
Why is electricity cheaper than usual today?
Today's average price is 0.880.73 c/kWh incl. VATexcl. VAT, 93% lower than the average of the last 30 days, which was 12.1510.04 c. The price levels in the card and the chart compare the hours within this day only. In general, Latvian prices fall when the Daugava hydro plants run at full power, and on windy or sunny days across the Baltics.
Price hour by hour
| Time | Price | :00 | :15 | :30 | :45 | Level |
|---|---|---|---|---|---|---|
| 00:00–01:00 | 0.180.15 | 0.180.15 | 0.170.14 | 0.180.15 | 0.180.15 | Cheap |
| 01:00–02:00 | 0.150.13 | 0.180.15 | 0.150.12 | 0.150.12 | 0.150.12 | Cheap |
| 02:00–03:00 | 0.070.05 | 0.080.07 | 0.070.05 | 0.060.05 | 0.060.05 | Cheap |
| 03:00–04:00 | 0.060.05 | 0.040.03 | 0.050.04 | 0.070.06 | 0.090.07 | Cheap |
| 04:00–05:00 | 0.010.01 | 0.000.00 | 0.000.00 | 0.010.01 | 0.010.01 | Cheap |
| 05:00–06:00 | 0.080.07 | 0.030.03 | 0.090.08 | 0.110.09 | 0.110.09 | Cheap |
| 06:00–07:00 | 0.450.37 | 0.170.14 | 0.390.32 | 0.610.50 | 0.640.53 | Cheap |
| 07:00–08:00 | 1.251.03 | 0.650.53 | 1.211.00 | 1.331.10 | 1.821.50 | Normal |
| 08:00–09:00 | 0.850.70 | 0.850.70 | 0.850.70 | 0.850.70 | 0.850.71 | Normal |
| 09:00–10:00 | 1.120.93 | 1.211.00 | 1.211.00 | 0.920.76 | 1.160.96 | Normal |
| 10:00–11:00 | 1.010.83 | 1.331.10 | 0.850.70 | 0.920.76 | 0.920.76 | Normal |
| 11:00–12:00 | 0.860.71 | 0.910.75 | 0.850.70 | 0.850.70 | 0.850.70 | Normal |
| 12:00–13:00 | 0.990.82 | 0.820.67 | 0.850.70 | 0.860.71 | 1.451.20 | Normal |
| 13:00–14:00 | 1.341.11 | 1.781.47 | 1.211.00 | 1.160.96 | 1.211.00 | Normal |
| 14:00–15:00 | 1.130.93 | 0.640.53 | 0.850.70 | 1.211.00 | 1.821.50 | Normal |
| 15:00–16:00 | 1.361.12 | 0.860.71 | 0.950.78 | 1.211.00 | 2.422.00 | Normal |
| 16:00–17:00 | 3.612.99 | 1.331.10 | 4.243.50 | 4.443.67 | 4.443.67 | Very expensive |
| 17:00–18:00 | 1.641.36 | 2.422.00 | 1.611.33 | 1.331.10 | 1.211.00 | Normal |
| 18:00–19:00 Now hourly average this quarter hour: 1.331.10 | 1.451.20 | 1.811.50 | 1.821.50 | 1.331.10 | 0.860.71 | Normal |
| 19:00–20:00 | 0.980.81 | 1.211.00 | 1.211.00 | 0.850.70 | 0.650.53 | Normal |
| 20:00–21:00 | 0.750.62 | 0.850.70 | 0.850.70 | 0.640.53 | 0.640.53 | Normal |
| 21:00–22:00 | 0.740.61 | 0.850.70 | 0.850.70 | 0.640.53 | 0.630.52 | Normal |
| 22:00–23:00 | 0.610.51 | 0.640.53 | 0.630.52 | 0.590.49 | 0.590.49 | Cheap |
| 23:00–24:00 | 0.440.37 | 0.460.38 | 0.470.39 | 0.430.36 | 0.410.34 | Cheap |
Past prices
About the prices
Source: ENTSO-E Transparency Platform. "With VAT" includes 21% VAT.
Last updated .
What is the exchange price (biržas cena)?
The exchange price (biržas cena) is the day-ahead wholesale price of electricity in Latvia. It comes from the European day-ahead auction, and most people know it as the Nord Pool price. All of Latvia is one price area. Since 1 October 2025 there is a price for every 15 minutes. On a dynamic, exchange-price contract you pay this price plus the trader's margin; on a fixed contract you pay the price agreed with your electricity trader (tirgotājs).
How is the price set?
Bids for every quarter hour of the next day close at 13:00 Latvian time (12:00 CET). The prices of all connected areas are then set together and published around 14:00 Latvian time. Latvia lies between Estonia and Lithuania. It almost always shares its price with Lithuania and often with Estonia; when the lines between Estonia and Latvia are full, the Estonian price differs.
What moves the electricity price in Latvia?
Latvia's own power comes mainly from the three hydro plants on the Daugava and from gas-fired plants in and near Riga, with wind and solar growing. In years with a big spring flood on the Daugava, prices are often low in April and May. In winter, cold, calm weather and a low river push them up, and more power has to be imported. Since February 2025 the Baltic grids run in sync with continental Europe. Prices are usually lowest at night and highest in the morning and evening, and they can drop below zero.
What else is on an electricity bill in Latvia?
The exchange price covers the energy only. Sadales tīkls charges for distribution: a price per kWh and a fixed monthly part for your connection, which you pay even in a month with no use. The distribution plan you pick with Sadales tīkls, such as Pamata or Speciālais, decides how the two are balanced. Your electricity trader adds its margin and may charge a monthly fee. VAT (PVN) is 21%.
Questions and answers
How much does electricity cost in Latvia?
The exchange price (biržas cena) here is the energy part, in euro cents per kWh, the same everywhere in Latvia. It changes every 15 minutes. The Sadales tīkls distribution fee, your trader's margin and 21% VAT come on top, so the price on your bill is well above it. The distribution fee depends on your plan and connection, so we don't show a total.
What does Sadales tīkls charge for?
It charges for delivering power through its grid, which reaches almost every home in Latvia: a price per kWh and a fixed monthly part for your connection. You pay the fixed part even in a month when you use nothing, which matters for summer houses.
Why does Latvia's price follow Estonia and Lithuania?
The auction gives neighbouring areas one price whenever the lines between them have room. Latvia lies between Estonia and Lithuania, so it almost always has the same price as Lithuania and often the same as Estonia. Its own hydro plants on the Daugava cover a large share when the river is high; at other times Latvia relies more on gas plants near Riga and on imports.
When is electricity cheapest today?
See the cheapest 1 to 4 hours in a row above. The exchange price is usually lowest at night and, on sunny days, around midday, and highest in the morning and evening. On a dynamic contract it pays to run the washing machine or charge the car in the cheap hours.
Dynamic or fixed price: which one does this page show?
This page shows the exchange price. On a dynamic contract you pay it for the power you use each quarter hour or hour, plus the trader's margin, so cheap hours lower your bill. On a fixed-price contract you pay the agreed price whatever the exchange does, and it matters only when you sign a new contract.
Can the electricity price be negative in Latvia?
Yes, mostly on sunny, windy days in spring and summer, when the Baltic countries have more power than they can use or export. On a dynamic contract the energy then costs nothing, or even takes a little off your bill, depending on the contract, but you still pay the distribution fee, with VAT.