Energy Reports

Latvia energy report

Latvia energy market analysis is derived from the most recent key economic indicators, supply and demand factors, oil & gas pricing trends and major energy issues and developments surrounding the energy industry. The analysis includes a comprehensive energy market report and updated Latvia energy market data.

Latvia energy report
Update: October, 2019
Format: 2 files (PDF report, Excel file)
Pages: 35 (Report only)
Delivery: Immediate by e-mail


Latvia energy market report offers an incisive and reliable overview of the energy sector in Latvia. With a focus on oil, gas, coal and power markets, the report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2018 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.

  • 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.

    The Public Utilities Commission (PUC, or SPRK), an ...

  • 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


    Taxes account for 21% of industrial electricity prices and for 29% of residential prices (2018). Electricity prices increased 5.6%/year for industry and 9.4%/year for households between 2010 and 2015. They have remained stable since then at €c10.4/kWh for industry and €c15.2/kWh for households in 2018.). However, residential prices are still 22% lower than the EU average (9% higher for ...

  • Energy Consumption

    Energy consumption per capita is 2.4 toe (18% below the EU average), including 3 500 kWh of electricity, i.e. around 37% below the EU average (2018).


    Total energy consumption declined by 1.6%/year between 2007 and 2015, after increasing rapidly between 2000 and 2007 (3.2%/year). Energy consumption increased slightly from ...

  • 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 power accounting for nearly half of total electricity by 2030). Biomass consumption should increase by 31% between 2010 and 2030 (to 30% of primary consumption). Gas and oil consumption are expected to ...

Download the Table of Contents

In the Latvia market report you will find the graphs mentioned below:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2018, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2018, %)
  • 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 (2018 %)
  • GRAPH 10: Final consumption market share by sector (2018 %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2018, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2018, %)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2018, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2018, %)

In the Latvia market report you will find follow tables:

  • Economic Indicators: Annual historical data including population, GNP growth, imports & exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil & gas reserves, electric & refining capacity, energy production, power production and external trade. All detailed by energy source.
  • Demand Indicators: Historical data includes consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source & sector, and, electricity consumption by sector.
  • Energy Balances: Unique tabular display of 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, Gas plant projects by status and operator and LNG contracts.

The Latvia market data since 1990 included in the Excel file is given below.
Historical evolution allows to easily work with the data.

2018 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).

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