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Market Price

For companies that want flexible conditions and to save in the long-term

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, electric power 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.

NORD POOL SPOT PRICE GRAPH

The graph shows the 2020 Nord Pool Spot price for Latvia

Market Price advantages:

  • By adapting electric power 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 electric power costs.
  • In the long-term, Market Price is more advantageous than fixed price
  •   There is no early contract termination fee
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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 electric power cost saving compared to Fixed Price

23.52 EUR/MWh

Historically, the lowest price at the Nord Pool power exchange, in the Latvian zone was registered in April 2020


Other electric power price solutions


Fixed Price

For companies that find it is important to plan and predict the company’s long-term costs.

Read more

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.

Read more

Basic Price

For companies with steady and continuous electric power consumption.

Read more