Market Price
What is Market Price?
Variable electricity price for each MWh. This is a saving opportunity for flexible consumers – to consume more when the electricity price at the power exchange is lower, while reducing the company’s power consumption when the price goes up.
When this solution is chosen, electricity is purchased at the Nord Pool power exchange for the current hourly price of the Latvian zone.
Electricity prices change each hour at the exchange. Historical and next day’s exchange prices can be followed on the Nord Pool power exchange website. Hourly rates for the next day are published at 2.00 PM.
Market Price advantages:
- By adapting electricity consumption to exchange prices – consuming more when the electricity price at the exchange is lower, while consuming less when the price rises – it is possible to reduce electricity costs
- Market price is advantageous in the long term
- There is no early contract termination fee
Interesting facts about Market Price
Popular choice
A large part of business customers in the Baltic and Scandinavian countries choose Market Price
10-15% saving
Long-term electricity cost saving compared to Fixed Price
4000 EUR/MWh
The highest price ever recorded on the Nord Pool exchange in the Latvian price zone is in 2022.
Other electricity price solutions
Fixed Price
For companies that find it is important to plan and predict the company’s long-term costs.
Finland’s Price
For companies that want to make us of the low prices of Scandinavia and are ready to take on a little risk.
Fixed + SPOT
For companies that want to manage electricity price risk and take advantage of potential price reductions.