Monthly wholesale electricity prices in Latvia 2019-2024

Published by Statista Research Department, Oct 18, 2024

In August 2024, the average wholesale electricity price in Latvia showed an increasing trend and amounted to 106.95 euros per megawatt-hour.

Between January 2021 and August 2022, electricity prices in the Baltic country increased nearly nine-fold, surpassing 467 euros per megawatt-hour in the latter month. In 2021 and 2022, electricity prices soared throughout Europe, the combination of a myriad of factors, including increased heating demand due to cold winters. 

Average monthly electricity wholesale price in Latvia from January 2019 to August 2024 (in euros per megawatt-hour)

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Release date

October 2024

Region

Latvia

Survey time period

January 2019 to August 2024

Special properties

day-ahead prices

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