About Elektrum Group
Elektrum Group is one of the largest energy market players in the Baltics and a leader in green electricity generation. We deliver secure and reliable energy, shaping the future through renewable resources, e-mobility, and innovation.
Operating segments
Generation and trade
Generation of electricity and heat, trade in electricity and natural gas, sale of products and services related to electricity consumption and energy efficiency in the Baltic states, and administration of the mandatory procurement process for electricity in Latvia.
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Distribution
The distribution service ensures the flow of electricity from the transmission network to consumers. Sadales tīkls AS is the largest distribution system operator in the country and covers approximately 99% of Latvia's territory. Distribution system service tariffs are approved by the Public Utilities Commission.
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Overview
Who we are
Elektrum Group is a directly or indirectly state-owned Latvian energy group operating in the areas of electricity and thermal energy generation, energy trade, and sustainable energy solutions across the Baltic region.
What we do
We generate and trade electricity, develop customer-oriented energy solutions and invest in infrastructure that ensures system reliability.
Why it matters
Reliable and sustainable energy is the foundation of economic growth, security and quality of life. Our task is to support the transition to a resilient, low-carbon energy system.
Vision
We are the leading provider of sustainable solutions in the energy sector.
Mission
We drive the development of the energy industry by providing friendly, innovative and sustainable solutions
We foster the growth of society!
We care for today while protecting tomorrow. By using natural resources wisely and turning nature into sustainable energy, we foster the growth of society. Through innovation, we make responsible choices that support a better future for all.
With heart
We are open and passionate
With mind
We do the right things and continuously learn
With energy
We are brave and persistent
With future prospects
We do good for our customers and society
Awards
The most valuable energy company
Our company is the second most valuable in Latvia and the most valuable energy company in the Baltics.
Diamond category in the Sustainability Index
In 2023, both we and Sadales tīkls AS received the Diamond category of the Latvian Sustainability Index.
ESG performance above the sector-specific Prime threshold
Our environmental, social and governance performance has received a Prime-level rating in the ISS ESG assessment.
Best investor relations
In early 2023, our company won the Nasdaq Baltic award for the best investor relations among bond issuers in the Baltic states for the third time.
Multiple awards in the Latvian TOP 500 companies
We are the largest state-owned and energy company in Latvia, as well as the largest EBITDA contributor in the TOP 500. Sadales tīkls AS ranks third among energy sector and state-owned companies.
Family-friendly workplace
Until 3 June 2025, our company holds the Family-friendly workplace status awarded by the Society Integration Foundation.
Safest Company Fleet
Sadales tīkls AS won a Gold medal in the Safest Company Vehicle Fleet competition, while Latvenergo AS won a Silver medal in the Lowest-Risk State and Municipal Vehicle Fleets category.
Sustainable brand
In the European Sustainable Brands Index, our brand "Elektrum" has been recognised as the third most sustainable brand in Latvia.