20 years of good energy in Latvia!

Although natural gas prices rose sharply in October and water levels in the reservoirs of Nordic hydroelectric power stations (HES) remained low, strong wind-generated electricity production in the Baltic states helped to limit the rise in electricity prices, and in Latvia the rise was relatively small, according to data compiled by the energy company Enefit. The average electricity price in October reached 11.3 cents per kilowatt-hour, which is 4 per cent higher than in September and 7 per cent higher than in the same period last year. In the coming months, the greatest risk of price rises may come from cold, windless weather, as well as high natural gas prices.

Although the average monthly electricity price in September remained moderate, daily price fluctuations are becoming increasingly pronounced, according to data compiled by the energy company Enefit. The average electricity price in Latvia in September was approximately 108 EUR/MWh, which is 27% higher than in August. A significant increase in wind power brought down the average price, but low wind power generation had to be offset by more expensive imported electricity or electricity generated at thermal power stations, which contributed to a wider spread between the lowest and highest prices.

The energy company Enefit, which is developing a public electric vehicle charging network in Latvia and the Baltics, is launching a new mobile app called Enefit Charge. The new app will gradually replace the existing solution and provide a faster, simpler and more convenient user experience. The changes will affect more than 6,000 customers in Latvia and a total of more than 40,000 users across the Baltics.