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Wednesday 16.08.2017 | Name days: Astrīda, Astra
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Energy tariff climb to boost agricultural product prices

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We are worried about the Public Utilities Regulatory Commission’s Council meeting decisions on the electricity distribution system service tariff increase by 20.8%, which will raise the current electricity tariffs by 9-10%, indicate the representatives of the Farmers’ Organization Cooperation Council (FOCC).

We should not allow that during the first quarter of 2011 the electricity tariffs climb by approximately 17%, the business news portal BNN was informed by the FOCC Board Chairman Edgars Treibergs.

The FOCC calls on Latvenergo to explain to the society the reasons why the distribution system service tariffs are raised and further tariff changes are expected. Neither the Farmers Organization, nor the rest of the society approve of losses, due to the company’s careless actions, are covered by households, farmers and other producers. If other sectors face difficulties, entrepreneurs cover loses from their profit, although they have to tighten their belts afterwards. A state-owned enterprise must not set dividend payments to its owners as the key objective, production has to be fostered, not hindered. The state is the priority, it means creation of  favourable conditions to as many clients as possible, the farmers assert.

It should be considered that electricity tariff increase by 17 percent will also surcharge the agricultural product prices, as everyone knows electricity powers the agricultural equipment, for instance, storage, sorting, packing, watering equipment and freezers are powered by electricity in fruit and vegetable production. So are dairy livestock holdings, milking machines, milk coolers, grain milling equipment and fertilizer removal system. It is obvious electricity is a significant production resource and such thoughtless price gains result in additional costs for manufacturers, which in turn has a negative impact on the national economy, Treibergs underlines.

Latvenergo’s proposal will cause a chain reaction for the price surge. Growing electricity prices will boost the production costs, giving way to price climb at stores, emphasize the specialists, calling on the Public Utilities Regulatory Commission to think over whether the public company’s policy is directed in line with the existing situation in the country and people’s purchasing power.


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