35%
share of renewables in the power mix in 2019
Latvia energy report
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.
Update:
November 2020
Format:
3 files (PDF report, 2 Excel files)
Pages:
33 (Report only)
Delivery:
Immediate by e-mail
Price:
790 €
Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.
After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).
Highlights
- Latvia targets a share of 50% of renewables in its 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.
- Latvia depends on Russia for its gas supply.
- Renewables cover nearly 60% of the power mix.
- Electricity and gas prices are significantly lower than the EU averages for households.
- The energy intensity has been declining since 2000.
- Biomass is the first fuel in total energy consumption.
- Latvia 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 a new gas pipeline will be built to Lithuania.
-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).
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Latvia energy market report graphs:
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2019, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2019, %)
- 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 (2019 %)
- GRAPH 10: Final consumption market share by sector (2019 %)
- GRAPH 11: Oil consumption (Mt)
- GRAPH 12: Oil consumption breakdown by sector (2019, %)
- GRAPH 13: Electricity consumption (TWh)
- GRAPH 14: Electricity consumption breakdown by sector (2019, %)
- GRAPH 15: Natural gas consumption (bcm)
- GRAPH 16: Gas consumption breakdown by sector (2019, %)
- GRAPH 17: Coal consumption (Mt)
- GRAPH 18: Coal consumption breakdown by sector (2019, %)
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.
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:
- 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).
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:
- New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
- Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.
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