Latvia’s daily average electricity price reached €414/MWh on 9 November

Latvia’s daily average electricity exchange price reached approximately €414/MWh on 9 November 2026. LSM described it as the highest daily average so far this year.

What does the figure mean?

This wholesale price excludes VAT and converts to approximately €0.414/kWh. It is not an individual interval’s maximum or a final tariff. Elektrum explains that one MWh equals 1,000 kWh.

AST’s October review reported a Latvian monthly average of €112.56/MWh. By comparison, €414 is approximately 3.7 times higher, but one expensive day does not determine November’s full-month average.

Why did the price increase?

In its 9 November explanation, regulator SPRK cited lower wind and solar output, higher consumption, more expensive natural gas and power plant maintenance. Interconnector capacity constrains cheaper electricity imports. Together, these factors explain why prices can differ even between neighbouring countries.

How should a business assess its costs?

Editorial calculation example: consuming 100 kWh at a constant €0.414/kWh would cost €41.40 for electricity alone. This is not a forecast for a specific company’s bill. System services, supplier terms and taxes must be considered separately.

Check whether your contract has a fixed or exchange-linked price. A one-day price spike does not by itself change a fixed contractual price.
For an exchange-linked contract, compare consumption in each settlement interval with the corresponding price. The daily average is not automatically your business’s consumption-weighted price.
Before shifting operating hours, calculate additional staffing and production costs. Electricity savings should be assessed alongside these expenses. When comparing offers, use the same consumption volume and settlement period for both.

For cost accounting or company administration, explore services for businesses. When comparing outsourced service offers in business listings, clarify their scope and price; a listing does not itself demonstrate potential savings.

Official information sources

Additional sources

LSM: 9 November price