35%
share of renewables in the power mix in 2019
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This analysis includes a comprehensive Latvia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
35%
share of renewables in the power mix in 2019
-46%
GHG emissions between 1992 and 2019
2.3%
annual decrease in energy intensity between 2000 and 2019
Abstract
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
Resources:
Domestic energy resources are limited. The (economically exploitable) hydroelectric resources are estimated at 4 TWh. Coal and gas resources are non-existent.
Energy Prices
Oil:
Gasoline and diesel are subject to large excise taxes (€72c/l and €61c/l, respectively, in 2020) and taxes account for more than half of fuel prices (63% for gasoline and 57% for diesel in 2020).
Energy Consumption
Energy consumption per capita is 2.3 toe (18% below the EU average), including 3 500 kWh of electricity, i.e. around 36% 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 accounting for nearly half of total electricity by 2030). Biomass consumption should increase to 30% of primary consumption in 2030 (target already achieved in 2019 with 37% of the primary consumption).
Below is a list of the Latvia energy market report graphs:
In the Latvia energy market report you will find the following tables:
The Latvia energy market data since 1990 and up to 2019 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:
The Latvia country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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