Electricity price in Latvia: today, tomorrow and 7-day forecast
Friday is settled at 21.47 ct on average, with 27–28 ct at 09:00 and 17:00. Saturday to Monday stay at 14–16 ct on average with 17–19 ct evenings: wind fades to 12–21 km/h, gas costs 98 €/MWh and the Plavinas hydro plant is out for the weekend. From Tuesday a gale (32 km/h, gusts 47) cuts the average to 10–13 ct and nights to 5–8.
- Fri 30 settled · avg 21.47 · 09:00 26.89 and 17:00 27.60 · cheapest 00–02 at 12.51
- Sat 31 · avg 15.5 (9–23.5) · evening 19–20 up to 18.4 · cheapest 05–07 ≈ 13.4
- Sun 1 · avg 14.5 (7.5–23) · evening 18–19 up to 17.5 · cheapest 00–02 ≈ 12
- Mon 2 · avg 16 (9–26) · morning 09 and 17:00 up to 19 · cheapest 03–05 ≈ 12.5
- Tue 3 · avg 10 (2–17) · morning 07–09 up to 14 · cheapest 00–02 ≈ 6
- Wed 4 · avg 11.5 (3–20) · evening 17–19 up to 15.5 · cheapest 00–02 ≈ 6
- Thu 5 · avg 11 (1.5–20.5) · evening 17–19 up to 14.5 · cheapest 22–24 ≈ 8.5
- Fri 6 · avg 13 (3.5–21.5) · evening 17–18 up to 17.5 · cheapest 00–02 ≈ 8
Why: Plavinas (908 MW) is out from Saturday 00:00 to Sunday midnight for a drainage inspection and Kegums is held at minimum, so Latvia loses its cheapest peak capacity for two days; Riga CHP-1 runs at half power until Saturday. With gas at 98 €/MWh a combined-cycle plant needs about 21 ct, a peaker 31. Olkiluoto 3 is out until 7 November and from Monday Sweden's export to Finland is cut to 400 MW, so less cheap power reaches the Baltics. Wind in Latvia: 21 km/h Saturday, 12 Sunday, 16 Monday, 24–32 Tuesday to Friday.
Practical: Until Monday, use 00–05 (12–13 ct, the only cheap hours) and avoid 08–10 and 17–20 (18–27 ct). From Tuesday, nights fall to 5–8 ct and flexible loads belong in Tuesday–Thursday nights.
Main risk: The chart carries +0.5 to +1.5 ct Saturday, +1.5 to +2.5 Sunday and +3 to +4 Monday in daytime and evening hours for the hydro outage, calm gas-priced days and the Swedish import cut. An early Plavinas return lowers Sunday evening by 2–3 ct; a slower Tuesday front keeps that morning near 15 ct.
Wattcast shows the Nord Pool day-ahead exchange price of electricity in Latvia for today and tomorrow, finds the cheapest hours and forecasts the next seven days at 15-minute resolution. Tomorrow's prices appear right after Nord Pool publishes them, around 14:00 Estonian time; every day a written outlook explains what drives the price.
Prices today and tomorrow
Today (Friday 30.10): average 21.47 ct/kWh · cheapest hour 00–01 10.76 · most expensive hour 17–18 27.60
Tomorrow (Saturday 31.10): Tomorrow's prices are not published yet; Nord Pool publishes them after about 14:00 EET.
Exchange prices without VAT, network fees or supplier margin. With 21% VAT today's average is 25.98 ct/kWh.
Forecast, daily average (p50): Saturday 31.10 16.69 · Sunday 01.11 16.05 · Monday 02.11 18.50 · Tuesday 03.11 12.28 · Wednesday 04.11 14.42 · Thursday 05.11 11.19 · Friday 06.11 13.20 ct/kWh
Frequently asked questions
What is the electricity spot price in Latvia?
The spot price is the wholesale exchange price for electricity in the selected bidding zone and delivery interval. A spot-price contract follows those intervals; a fixed-price contract follows your supplier's agreed tariff. The chart separates published day-ahead prices from Wattcast forecasts.
How much does 1 kWh of electricity cost?
Use the chart to see the price for the hour or 15-minute interval when you consume electricity. 10 EUR/MWh equals 1 cent/kWh. Multiply the price per kWh by your consumption in kWh to estimate the energy cost. Your bill also depends on taxes, network fees and your supplier's charges.
Why does the electricity price change, and can it be negative?
Demand, wind and solar generation, fuel costs, power plant availability and cross-border connections affect prices. Prices can fall below zero when supply is abundant relative to demand. A negative exchange price does not necessarily mean a negative final bill: network fees, taxes and contract terms still apply.
When is electricity cheapest?
Usually at night between about 01:00 and 05:00 and, on windy or sunny days, around midday. The cheapest-windows tool on this page lists the exact hours for today, tomorrow and the next 48 hours.
When are tomorrow's prices published?
Nord Pool publishes the day-ahead prices every day at about 13:45 EET (12:45 CET). Wattcast shows them within 15 minutes; the forecast covers the days after that.
How accurate is the forecast?
The forecast is statistical: a machine-learning model trained on price history and weather forecasts. The Accuracy page shows the mean absolute error per horizon, both from backtests and from the forecasts actually published. The p10–p90 band is designed to contain the settled price about 80% of the time.
Do the prices include VAT and network fees?
No. The exchange price is shown without VAT (a toggle adds it), network fees, excise or the supplier's margin. Your bill adds those on top of the exchange price.
Electricity price in other countries
Electricity prices in Estonia today and tomorrow · Electricity prices in Finland today and tomorrow · Electricity prices in Lithuania today and tomorrow · Electricity prices in Germany and Luxembourg today and tomorrow · Electricity prices in western Denmark today and tomorrow · Electricity prices in eastern Denmark today and tomorrow · Electricity prices in eastern Norway today and tomorrow · Electricity prices in southern Norway today and tomorrow · Electricity prices in central Norway today and tomorrow · Electricity prices in northern Norway today and tomorrow · Electricity prices in western Norway today and tomorrow
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