The Group comprises the parent company Latvenergo AS, with decisive influence, and five subsidiaries.

Enerģijas publiskais tirgotājs AS carries out administration of electricity mandatory procurement.

[2][3] The current name was first used in the 1980s, but a similar name appeared as early as 1941, when private power plants and electricity grids were nationalised after the occupation of Latvia and the state energy authority "Latenergo" was established.

During the Latvian SSR, several large power plants were built and the state energy industry was restructured several times.

[4] On 30 June 2021, the Estonian subsidiary Elektrum Eesti acquired several microgrid service companies (Energiaturu Võrguehitus OÜ, SNL Energia 1 OÜ and Baltic Energy System OÜ) owning substations with their own customer base,[5] managing 53 MW of electricity connections and transporting almost 80 GWh of electricity per year; the transaction was cleared by the Estonian Competition Authority on 3 August.