- Update
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- Format
- 3 files (PDF report, 2 Excel files)
- Pages
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51 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- ENERGY AND CLIMATE POLICY FRAMEWORK
- ENERGY COMPANIES
- ENERGY SUPPLY AND DEMAND
- ENERGY USE AND PRICE BY SECTOR
- ISSUES AND PROSPECTS
- STATISTICS
- ABBREVIATIONS
- GLOSSARY
Buy Latvia energy report
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After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).
Overview
Latvia is enhancing energy security and decarbonisation by synchronising with the European power grid, expanding renewables, and pursuing long-term sustainability goals.
Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.
Highlights
- Latvia targets a share of 61% of renewables in the final energy consumption in 2030.
- The power market is dominated by Latvenergo, a public utility.
- Following Latvijas Gaze's unbundling, gas transmission & storage operations moved to Conexus Grid, while distribution was transferred to Gaso.
- The country has a strong power interconnection with neighbouring countries.
- In 2025, Latvia joined the European electricity network (CESA) to reduce its dependence on Russia.
- Final energy consumption has remained broadly stable since 2013.
- Electricity and gas prices have surged since 2020. Electricity prices for households are now almost 10% higher than the EU average, while for gas they are 22% higher (2025).
- The country is counting on the upgrade of its hydropower plants and on new electricity interconnections to boost its power supply.
- Latvia is taking part to the Nordic-Baltic Hydrogen Corridor.
Energy & Climate Policy Framework
In 2023, the Ministry of Climate and Energy replaced the Ministry of Economics to supervises the energy sector through the Sustainable Energy Policy Department, the Energy Market and Infrastructure Department, and the Energy Efficiency Department.
Energy Companies
Electricity:
Latvenergo (100% state-owned) dominates power generation with around 82% of the country's capacity. It operates 3.1 GW as of 2025, half of which is hydropower produced on the Daugava River by three HPPs: Plavinas (908 MW), Riga (402 MW), and Kegums (248 MW). Latvenergo also operates 1 GW of CHP and 500 MW of solar and wind parks.
Energy Supply & Demand
Oil:
Latvia does not have a refinery. It imports all its refined products by rail and pipeline from the Lithuanian refinery of Mazeikiai and Finland. Oil product imports have increased by 3.5%/year since 2021 (2.2 Mt in 2025), after falling by 7%/year between 2016 and 2021; imports in 2024 mainly came from Lithuania (49%), followed by Finland (31%) and Russia (16%).
Energy Use and Price by Sector
Energy Prices in Residential:
Energy products are subject to a VAT rate of 21% (since 2012). The reduced VAT rate on gas for households was removed in 2011.
Issues & Prospects
The National Energy and Climate Plan (NECP) forecasts that total energy consumption will decrease from 52 TWh in 2021 to 44.7 TWh in 2030 (-14%). The plan also projects that electricity will account for more than 80% of final energy consumption by 2030 (53.5% in 2022), with the share of renewable electricity in domestically produced electricity reaching 100% (75.7% in 2022).
- Graph 1: Primary Consumption Trends by Energy Source
- Graph 2: Total Consumption Market Share by Energy (2025)
- Graph 3: Installed Electric Capacity by Source
- Graph 4: Installed Electric Capacity by Source (2025)
- Graph 5: Gross Power Production by Source & Consumption
- Graph 6: Power Generation by Source (2025)
- Graph 7: Petroleum Products Production & Consumption
- Graph 8: Gas Production & Consumption
- Graph 9: Coal Production & Consumption
- Graph 10: Emissions of GHG and CO2 from Fuel Combustion
- Graph 11: Final Demand Trends by Energy Source
- Graph 12: Final Consumption by Sector
- Graph 13: Final Consumption Market Share by Sector (2025)
- Graph 14: Final Consumption in Industry by Energy Source
- Graph 15: Energy Prices in Industry (Taxes Included)
- Graph 16: Final Consumption in Transport by Energy Source
- Graph 17: Energy Prices in Transport (Taxes Included)
- Graph 18: Final Consumption in Residential, Services, Agriculture by Energy Source
- Graph 19: Energy Prices in Residential (Taxes Included)
- Graph 20: Upcoming New Capacity by Energy Source
- 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.
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).