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Monday 21.08.2017 | Name days: Linda, Janīna
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Last day for Latvian households to pick electricity traders

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUDecember 15th is the last day when residents of Latvia will be able to pick electricity traders, as the country’s electrical energy market is set to open next year.

If the client does not pick a specific trader, electricity will be supplied by the current supplier, which is Latvenergo for the majority of households. Nevertheless, residents will be able to select a different supplier at any time, as noted by Latvia Free Electricity Market Association.

Households should know that offers accepted before the 15th of the month will be available only starting the next month. Offers selected after the 15th of the current month will only be available one month later, on the 1st. This system will remain until January 1st, 2015.

Households make up 25% of electricity consumption in Latvia. It is expected that nearly 850 thousand households will join the free electricity market.

All offers can be found using www.energija24.lv.

As it is known, Latvia’s electricity market is set to become free for all households in Latvia starting January 1st, 2015. There will no longer be any regulated tariffs for electricity. Instead, consumers will be free to choose a plan depending on their needs and energy consumption habits.

This means that the Start and Base tariffs will be no more. The price will be listed in the contract between the trader and consumer. Poor families and families will many children will be provided assistance in the form of 100 and 300 kW/h per month at the price of the current Start tariff.

The initiative to open up the market will provide an opportunity to improve competition among traders and quality of services.

Ref: 102.109.109.1023


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  1. John Anderson says:

    Please discuss how the performance of the open electricity market in Latvia and its impact on its consumers will be monitored going forward.

    We went through this in Alberta, Canada, some years ago. Promises of increased supply and lower prices were made, but that is not how it worked out.

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