Electricity Prices in Latvia Hit Highest Level This Year
The exchange price of electricity in Latvia is almost four times higher than the October average. Experts warn that expensive power may persist.
Electricity prices in Latvia have reached an unusually high level for this year. On the exchange, electricity currently costs almost four times more than the average in October. This matters for both households and businesses, since electricity is part of everyday spending.
Comparison with Estonia
The difference is also visible within the region: in neighbouring Estonia, electricity on the exchange is half as expensive as in Latvia.
Not everyone will feel it immediately
Many residents will not see the price jump in their bills right away. They pay for electricity at a fixed price set in advance, so exchange fluctuations do not show up in their bills immediately.
What comes next
Experts warn that high electricity prices may continue in the coming period. Why electricity has become so expensive and what to expect next is discussed in a video report published by iAuto.lv.
