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Latvenergo board member: court not to stop new tariffs from coming into force

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RU, Latvenergo board member Uldis Bariss

Latvenergo board member Uldis Bariss

New Latvenergo electricity tariffs are to come into force on April 1 and the suits filed in the court are unlikely to stop this, the company’s board member Uldis Bariss told in LNT broadcast 900 sekundes.

To give an example, the case of the Estonian competitor Enefit complaining about tariff changes in 2008 has not been rounded up yet, Bariss says, adding that usually such lawsuits do not stop tariffs from coming into force.

He also points out we live in a legal state and it is only understandable any changes, especially, tariffs revision, that has an effect on all of us, gather numerous opinions.

Regarding Latvenergo profit and the state’s impact on it, the existing legislation and the methodological basis determines tariffs, thus we cannot assure if the money flowing to the state budget were diverted to the company’s development – tariffs would be different.

At the same time Bariss reveals tariffs might drop in future, alongside with the development of the company, arrangement of electric power transmission and prevention of electricity loss. However, this is not a short-term process. Namely, company’s assets last for forty years, thus it is impossible to arrange everything in one or two years time.

According to Latvenergo estimates, overall, the tariff changes will not affect 49% of Latvia’s households. After analyzing the total customer consumption data in Latvia, nearly 50% of the households will not be subject to the drafted tariff changes, because their annual consumption does not exceed 1 200 kWh.

The business news portal BNN already reported, according to the new tariffs plan, households consuming more will have to pay more as well. The tariff will depend on the consumption during the year and it will be calculated starting from April 1. The current tariff – 8.25 santims per kWh – will have to be paid for the first 1 200 kWh, while when this is exceeded a tariff of 10.74 santims per kWh will set in.

The company has estimated monthly electricity bills will surge one lat for 30% households and 4.36 lats on average for 16%. 6% of the households will face more than ten lats bigger electricity bills. Half of the households will not be affected by the tariff rise at all.

Legal persons not obliged to purchase electricity on the open market will be applied the market price starting from April 1. They will be able to choose from three tariff plans instead of the previous one.

According to Latvenergo, the tariff will change by 21% staring from April 1.


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