The overall aim of power industry is to provide a well-balanced, qualitative and secure provision of energy to customers. On one hand, the specific of Latvian power industry is its high dependency on the imported resources. At the same time, the level of usage of the renewable energy resources is high. In order to be able to successfully plan power industry policy and to balance the usage of energy resources, it is necessary to analyse the overall power industry development of the country, paying special attention to regional differences. Several potential state and regional development scenarios have been drawn up in the paper.