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Ceturtdiena 09.04.2020 | Name days: Valērija, Žubīte
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Regulator: chaotic attempts instead of energy policy implementation

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Latvia does not have an energy policy – there are only spontaneous attempts to achieve something. We do not have a targeted, systematic policy, which is necessary if we want to be competitive in the world and adjust to this area, believes the Public Utilities Commission (PUC) Acting Chairman Ivars Zariņš (Zarins).

We have a situation where all the money earned by Latvenergo, which could foster the company’s development, is not directed so that we can more successfully tackle the social issues, Zarins emphasizes in an interview to LNT broadcast 900 sekundes, adding that most likely the new electricity tariffs will be approved, and as of April 1 the electricity will cost more.

It is an energy policy task that we are setting our tariffs. This task has to be defined – whether the company has to earn as much as possible or provide the society with possiblly lower tariffs. It is the policy and this company’s issue, says Zarins.

He reveals that the tariff consists of three parts – the network tariff, the compulsory procurement component and the electricity price determined by the free market. Neither Latvenergo, nor the Regulator is entitled to accept a tariff that takes into account the social aspect. The tariff has to be economically viable, claims Zarins, emphasizing this is the first tariff draft reviewed according to the new legislation, which means that the Regulator has to check whether the tariff is correctly calculated and in accordance with the market conditions.

For the first time, Latvenergo itself has calculated this tariff, we have no rights to influence anything, if everything is properly calculated. We have no right to reject it, and this is not a question of whether we accept the new tariff or not, says Zarins.

He admits network costs formulate the electricity price, but the network maintenance is becoming more expensive, the price of energy resources is climbing as well, and Latvia is not the one to dictate prices to Europe, rather it is the other way round.

This year businessmen have not informed us that they would like to conduct discussions on tariff rise. However, this also depends on the political decision on how the market is built in the future, Zarins points out.


Leave a reply

  1. Rye says:

    This year businessmen have not informed us that they would like to conduct discussions on tariff rise. – really?

  2. One says:

    So they will probably choose the economically more advantageous option, and not think about inhabitants’ situation.

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