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Latvia imbalance price
The single imbalance price settled with every Latvian Balance Responsible Party each 15-minute MTU. Derived from the marginal balancing-energy bids activated through MARI / PICASSO. Sourced from Elering, refreshed hourly.
Methodology
Under EBGL Article 55, Latvia applies single imbalance pricing: one price per 15-minute settlement period, derived from the marginal balancing energy activated. There is no fixed administrative price — the imbalance price is a market outcome.
When the system is short, BRPs that contributed to the shortage pay the upward imbalance price; when long, they pay (or receive) the downward price. Same-direction imbalances are paid more than offsetting ones.
FAQ
- Is this the same as the day-ahead price?
- No. Day-ahead is forecast-based and clears once at noon. Imbalance is settled per 15-min MTU based on what actually happened — typically diverges from spot during balancing events.
- Why might the value be unavailable?
- The single imbalance price requires a full balancing-state calculation, which Elering publishes with a short delay. Outage of the upstream feed will leave a gap in this dataset.
Get this data
JSON download and stable URL pattern available on the developer API page.
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