Iceland vs. Latvia

H1 2025 · incl. all taxes · Consumption band: 1,000–2,500 kWh/year

IS · Iceland

24.45ct/kWh

LV · Latvia

22.78ct/kWh

Latvia is 7.3% cheaper than Iceland — EU avg: 23.71 ct/kWh

Price History

Period	Iceland	Latvia	Δ
H1 2025	24.45 ct/kWh	22.78 ct/kWh	+1.67 ct
H2 2024	22.21 ct/kWh	21.61 ct/kWh	+0.60 ct
H1 2024	20.66 ct/kWh	22.88 ct/kWh	-2.22 ct
H2 2023	19.66 ct/kWh	31.18 ct/kWh	-11.52 ct
H1 2023	18.49 ct/kWh	32.47 ct/kWh	-13.98 ct
H2 2022	18.70 ct/kWh	30.15 ct/kWh	-11.45 ct
H1 2022	18.32 ct/kWh	17.98 ct/kWh	+0.34 ct
H2 2021	16.73 ct/kWh	19.27 ct/kWh	-2.54 ct
H1 2021	16.28 ct/kWh	17.02 ct/kWh	-0.74 ct
H2 2020	14.99 ct/kWh	18.14 ct/kWh	-3.15 ct
H1 2020	16.07 ct/kWh	18.15 ct/kWh	-2.08 ct
H2 2019	17.14 ct/kWh	17.36 ct/kWh	-0.22 ct
H1 2019	17.10 ct/kWh	17.29 ct/kWh	-0.19 ct
H2 2018	17.61 ct/kWh	15.83 ct/kWh	+1.78 ct
H1 2018	18.67 ct/kWh	16.18 ct/kWh	+2.49 ct
H2 2017	18.55 ct/kWh	16.35 ct/kWh	+2.20 ct
H1 2017	19.57 ct/kWh	16.39 ct/kWh	+3.18 ct
H2 2016	18.26 ct/kWh	16.62 ct/kWh	+1.64 ct
H1 2016	16.25 ct/kWh	16.30 ct/kWh	-0.05 ct
H2 2015	15.75 ct/kWh	16.57 ct/kWh	-0.82 ct
H1 2015	14.93 ct/kWh	16.40 ct/kWh	-1.47 ct
H2 2014	14.50 ct/kWh	11.51 ct/kWh	+2.99 ct
H1 2014	14.13 ct/kWh	12.98 ct/kWh	+1.15 ct
H2 2013	13.47 ct/kWh	12.14 ct/kWh	+1.33 ct
H1 2013	13.22 ct/kWh	13.07 ct/kWh	+0.15 ct
H2 2012	15.54 ct/kWh	12.18 ct/kWh	+3.36 ct
H1 2012	14.86 ct/kWh	13.10 ct/kWh	+1.76 ct
H2 2011	—	12.01 ct/kWh	—
H1 2011	—	11.67 ct/kWh	—
H2 2010	—	10.48 ct/kWh	—
H1 2010	—	10.49 ct/kWh	—
H2 2009	—	10.54 ct/kWh	—
H1 2009	—	10.52 ct/kWh	—
H2 2008	—	10.05 ct/kWh	—
H1 2008	—	8.49 ct/kWh	—
H2 2007	—	7.29 ct/kWh	—

Source: Eurostat (nrg_pc_204)