Electricity prices in Latvia today
The wholesale day-ahead price in Latvia is €350.42 per MWh right now, or €0.3504 per kWh. Today's average is €350.42/MWh, +€145.77 against yesterday, and €116.30 above the European average of €234.12/MWh.
- Average today
- €350.42
- /MWh
- Lowest
- €321.93
- /MWh at 00:45
- Highest
- €408.60
- /MWh at 00:00
- In €/kWh
- €0.3504
- /kWh wholesale only
Price for each interval, 7 November 2026
4 of 96 intervals published so far at 15-minute resolution.
Cheapest electricity hours today
The three cheapest intervals in Latvia today average €331.03/MWh, €19.39 below the day's average of €350.42. The lowest of them is €321.93/MWh at 00:45. Over the last seven days the cheapest hour in Latvia has typically been around 03:00. That is demand, not solar: consumption collapses overnight while hydro and nuclear keep running, which is the shape of a northern market rather than a sunny one.
- 00:45 – 01:00€321.93/MWh
- 00:30 – 00:45€332.84/MWh
- 00:15 – 00:30€338.31/MWh
When is electricity most expensive?
The three most expensive intervals average €359.92/MWh, €9.50 above the day's average. The highest is €408.60/MWh at 00:00. The peak has typically been around 18:00 over the last seven days. It is the hour solar output has fallen but demand has not, which is when gas sets the price.
- 00:00 – 00:15€408.60/MWh
- 00:15 – 00:30€338.31/MWh
- 00:30 – 00:45€332.84/MWh
How Latvia compares with the rest of Europe
Latvia is averaging €350.42/MWh today against a European average of €234.12/MWh — €116.30 more expensive. The cheapest zone in Europe today is north-central Sweden (SE2) at €3.54/MWh, and the most expensive Ireland and Northern Ireland at €453.89. Both are the same market, priced differently because the lines between them are full.
More for Latvia
Nord Pool prices
The day-ahead price for Latvia is set in the daily auction run by Nord Pool, not here. We read the result from the ENTSO-E Transparency Platform, so the figure on this page is the one that auction cleared.
About this market
Latvia prices within a euro of Lithuania on average — €89.2/MWh against €89.3 since 2024 — which is what a properly coupled market looks like. Its Daugava hydro cascade and the Inčukalns underground gas storage let it shift supply across seasons in a way its Baltic neighbours cannot.
Method and source
- Source: ENTSO-E Transparency Platform.
- Market: day-ahead auction. Zone: LV. Timezone: Europe/Riga.
- The daily average is the arithmetic mean of every published interval of the local day, not weighted by volume.
- This is a wholesale price. Network charges, levies, taxes and supplier margin are not included, and a household tariff is typically several times higher.