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Latvia energy report

Latvia energy report
3 files (PDF report, 2 Excel files)
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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 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.


  • Latvia targets a share of 50% of renewables in the final energy consumption in 2030.
  • The power market is dominated by Latvenergo, a public utility.
  • Gas transmission and storage operations were transferred to Conexus Grid following the unbundling of Latvijas Gaze.
  • The country has a strong power interconnection with neighbouring countries.
  • The share of hydropower in the power mix is fluctuating a lot (between 33% and 60% since 2010).
  • Electricity and gas prices have surged since 2020.
  • They are significantly lower than the EU averages for households.
  • The energy intensity has been declining rapidly since 2010 (-3%/year).
  • Biomass is the first fuel in total energy consumption.
  • The country is counting on the upgrade of its hydropower plants and on new electricity interconnections to boost its power supply.
  • The capacity of the Inčukalns gas storage facility will be raised by 2025 and new gas pipelines will be built to Lithuania and Estonia.
share of renewables in the power mix in 2022
GHG emissions between 1992 and 2020
annual decrease in energy intensity between 2010 and 2022
  • Institutions & Energy Policy

    The Ministry of Economics supervises the energy sector through the Sustainable Energy Policy Department, the Energy Market and Infrastructure Department, and the Energy Efficiency Department.

    The Public Utilities Commission (PUC, or SPRK), an independent organism, regulates the energy sector, telecommunications, the post, and the railways.

  • Energy Companies


    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


    Domestic energy resources are limited. The (economically exploitable) hydroelectric resources are estimated at 4 TWh. Coal and gas resources are non-existent.

  • Energy Prices


    Gasoline and diesel follow international prices. They are subject to large excise taxes (47% and 42%, respectively, in 2022).

    Since 2020, gasoline and diesel prices have increased significantly, by around 70%, to €1.82/l and €1.77/l in 2022. Motor gasoline and diesel prices more than doubled between 2000 and 2018.


  • Energy Consumption

    Energy consumption per capita is 2.4 toe, including 3 500 kWh of electricity, i.e. around 40% below the EU average (2022).


  • 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).

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • 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 (2022 %)
  • GRAPH 10: Final consumption market share by sector (2022 %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2022, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2022, %)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2022, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2022, %)
  • 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.

The Latvia energy market data since 1990 and up to 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).