How much is the grid-connected electricity price for Latvian energy storage projects

4 FAQs about [How much is the grid-connected electricity price for Latvian energy storage projects ]

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.

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.

Are electricity costs lower in Latvia?

388A simple regression analysis shows that costs were lower in Latvia except for distances lower than [distance] kilometres. For more details on the data used to analyse the costs and the regression analysis, see recital (248). 389Eurostat, electricity prices by type of user – EUR per kWh, for industrial consumers.

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.

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