Latvia energy report

• Institutions & Energy Policy

  The Ministry of Economics supervises the energy sector through the Energy Market and Infrastructure Department and the Renewable Energy and Energy Efficiency Department. It drafts the energy policy and works to ensure energy security through the promotion of renewable energies, increased interconnections and energy efficiency.

• Energy Companies

  Gas:

  Latvijas Gaze was unbundled in 2017: its transmission and storage operations were transferred to a new company named Conexus Baltic Grid, while gas distribution and sales operations were transferred to a new company called Gaso.

• Energy Supply

  Oil:

  Latvia does not have a refinery. It imports all its refined products by rail and pipeline from Russia, Belarus and the Lithuanian refinery of Mazeikiai. Oil product imports increased steadily (+7.3%/year) between 2010 and 2016, reaching 2.7 Mt in 2016, but dipped subsequently by 5.5%/year to 2.4 Mt in 2018.

• Energy Prices

  Electricity:

  Taxes account for 21% of industrial electricity prices and for 29% of residential prices (2018). Electricity prices increased 5.6%/year for industry and 9.4%/year for households between 2010 and 2015. They have remained stable since then at €c10.4/kWh for industry and €c15.2/kWh for households in 2018.).

• Energy Consumption

  Energy consumption per capita is 2.4 toe (18% below the EU average), including 3 500 kWh of electricity, i.e. around 37% below the EU average (2018).

  Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

  

• Issues & Prospects

  The Energy Strategy of the Energy Ministry forecasts that total energy consumption will increase by 3.7% between 2020 and 2030. By 2030, electricity consumption should grow by 24% (with wind power accounting for nearly half of total electricity by 2030). Biomass consumption should increase by 31% between 2010 and 2030 (to 30% of primary consumption).

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Latvia energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2018, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2018, %)
• GRAPH 5: Gasoline & diesel prices (€/l)
• GRAPH 6: Electricity prices for industry and households (€c/kWh)
• GRAPH 7: Gas prices for industry and households (€c/kWh GCV)
• GRAPH 8: Consumption trends by energy source (Mtoe)
• GRAPH 9: Total consumption market share by energy (2018 %)
• GRAPH 10: Final consumption market share by sector (2018 %)
• GRAPH 11: Oil consumption (Mt)
• GRAPH 12: Oil consumption breakdown by sector (2018, %)
• GRAPH 13: Electricity consumption (TWh)
• GRAPH 14: Electricity consumption breakdown by sector (2018, %)
• GRAPH 15: Natural gas consumption (bcm)
• GRAPH 16: Gas consumption breakdown by sector (2018, %)
• GRAPH 17: Coal consumption (Mt)
• GRAPH 18: Coal consumption breakdown by sector (2018, %)

In the Latvia energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, gas plant projects by status and operator and LNG contracts.

The Latvia energy market data since 1990 and up to 2018 is included in the Excel file accompanying the Latvia country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

• Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO₂ emissions.
• Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
• Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
• Energy Balance: total and per energy.
• Latvia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Latvia energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO₂ emissions (from fuel combustion).