Electricity Price in Latvia
H1 2026 · incl. all taxes · Consumption band: 2,500–5,000 kWh/year
Current Price
LVLatvia24.15ct/kWh
−3.5 %cheaper vs. EU average (25.03 ct/kWh)
EU Average
25.03 ct/kWh
H1 2026
Rank
#17
of 40 countries
Latvia's household electricity price is currently 24.15 ct/kWh (H1 2026), ranking #17 among 40 European countries. This is 3.5% below the EU average of 25.03 ct/kWh.
The cheapest electricity in Europe can be found in Hungary at 11.39 ct/kWh, while Ireland has the highest price at 38.71 ct/kWh.
Compared to the previous period (H2 2025), the electricity price in Latvia has fallen by 0.4 ct/kWh (1.5%). Over the past three years, prices have fallen significantly — partly due to government interventions and lower wholesale prices.
Among its geographic neighbors, Latvia's electricity price of 24.15 ct/kWh is the highest among its neighbors — more expensive than Estonia (21.18 ct/kWh). The EU-wide average is 25.03 ct/kWh.
Price History
Price History
| Period | Price |
|---|---|
| H1 2026 | 24.15 ct/kWh |
| H2 2025 | 24.52 ct/kWh |
| H1 2025 | 24.40 ct/kWh |
| H2 2024 | 24.08 ct/kWh |
| H1 2024 | 25.46 ct/kWh |
| H2 2023 | 27.74 ct/kWh |
| H1 2023 | 30.54 ct/kWh |
| H2 2022 | 29.92 ct/kWh |
| H1 2022 | 17.59 ct/kWh |
| H2 2021 | 18.86 ct/kWh |
| H1 2021 | 14.03 ct/kWh |
| H2 2020 | 14.32 ct/kWh |
| H1 2020 | 14.20 ct/kWh |
| H2 2019 | 16.40 ct/kWh |
| H1 2019 | 16.29 ct/kWh |
| H2 2018 | 15.11 ct/kWh |
| H1 2018 | 15.31 ct/kWh |
| H2 2017 | 15.82 ct/kWh |
| H1 2017 | 15.86 ct/kWh |
| H2 2016 | 16.24 ct/kWh |
| H1 2016 | 16.28 ct/kWh |
| H2 2015 | 16.50 ct/kWh |
| H1 2015 | 16.35 ct/kWh |
| H2 2014 | 13.01 ct/kWh |
| H1 2014 | 13.65 ct/kWh |
| H2 2013 | 13.58 ct/kWh |
| H1 2013 | 13.78 ct/kWh |
| H2 2012 | 13.69 ct/kWh |
| H1 2012 | 13.82 ct/kWh |
| H2 2011 | 13.42 ct/kWh |
| H1 2011 | 11.68 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 | 10.03 ct/kWh |
| H1 2008 | 8.42 ct/kWh |
| H2 2007 | 7.29 ct/kWh |
Compare Latvia with
FAQ
Why is the data from H1 2026?
What is included in the electricity price?
Why do electricity prices differ so much across Europe?
Source: Eurostat (nrg_pc_204)
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