Wednesday, April 15, 2026

Headlines

electricity market

Storing electrical energy in batteries narrows the circle of energy suppliers

Although the installation of solar panels and batteries will undoubtedly reduce your electricity bill, it can also limit your choice of which electricity market participant to buy energy from when the solar-generated and battery-stored power is not enough. For example, JSC Virši-A does not conclude electricity supply contracts with owners of such systems. This was discovered by social network X user Gatis Krūmiņš while exploring market options.  […]

Gas prices can also make electricity more expensive. The fastest solution – renewable resources

Today, when thinking about our energy system and its self-sufficiency, a Latvian proverb comes to mind: “foreign bread is bitter.” If we are unable to cover our consumption with hydropower plants, wind and solar farms, or other locally sourced generation, then we need to import fuel. Here, the beginning of March has brought unexpected surprises. The military conflict in the Middle East and its impact on oil product prices can be observed […]

A new exchange in the electricity market promises greater competition

Transmission system operators (TSOs) of the Baltics, together with partners, have implemented a solution that allows multiple power exchanges to operate in the market, informs AS Augstsprieguma tīkls (AST). Competition between power exchanges will provide benefits to market participants by ensuring a wider range of options and better services. On 25 November, a new operator – EPEX SPOT – will start operating in the day-ahead market in Estonia, Latvia, and Lithuania. […]

The enchanted cycle of heat

The heating season is just around the corner, and residents of Riga will again pay more for heat. Politicians, who face Saeima elections next year, have suddenly set about trying to reduce heating tariffs in Riga, but their little blanket of populism is more likely to tear than to reach the goal – all because short-term solutions have been made the priority for their own aims and interests, instead of tackling the root of the growing problem. However banal […]

Latvenergo has borrowed 400 million – the first part of the planned billion

Latvenergo has been successfully raising funds through bond issues since 2012. This year, the company is taking a step further by issuing eurobonds, i.e. entering the international market. With strong demand, Latvenergo has placed 400 million euros in bonds. Total demand from 140 investors exceeded the target amount by 5.5 times. Over the next two years, the company plans to borrow up to an additional 600 million euros in this way. How […]

Latvenergo, by borrowing, plans to reduce the price of electricity

Latvenergo, which from next year must pay 90% of its annual profit into the state budget instead of the current 70%, will borrow up to one billion euros over the next three years. Contrary to some suspicions, the money will be invested in renewable energy projects, not in buying out Tet and LMT, Inc., explains the company’s Director of Communications, Andris Siksnis. After the announcement distributed by Latvenergo on 31 October that the company […]

Elenger launches its first electricity storage battery system

This week in Latvia, Elenger’s first battery energy storage system (BESS) has started operation, connected to Elenger’s solar park in Nīca, near Liepāja. The entire complex can provide green energy for 1,500 households per day or for charging 50,000 km of electric car driving. Elenger, the largest private energy company in the Baltics and Finland region, has invested 2 million euros in the project, and the BESS provides 4 megawatts (MW) of power […]