Latvia: Electricity consumption lowest since 2005 in June 2023

Latvia’s electricity consumption totalled 491 GWh in June 2023, which was the lowest monthly figure since June 2005, according to data from transmission system operator Augstsprieguma Tikls (AST), LSM reports. Electricity consumption declined by 9% over a year and 5% over a month. AST attributed the drop in consumption to the increasing number of microgeneration and solar power plants. Local generation accounted for just 40% of the total volume of electricity consumed in June 2023. Latvia’s domestic electricity production totalled 196 GWh, which was 30% less than a year ago and 43% less than a month earlier. The average price of electricity stood at EUR 98.70 per MWh in June 2023, which was 55% lower than in June 2022.

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