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Sunday 23.09.2018 | Name days: Vanda, Veneranda, Venija
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Major shopping centres mull abandoning Latvenergo services

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

Due to Latvenergo’s new tariffs, the leading shopping centres in Latvia are currently considering the option to start purchasing electricity from the Estonian company Enefit.

We are now assessing and calculating which companies’ – Latvenergo or Enefit – services are cheaper; however, there is a 60% chance we will opt for Enefit, the shopping centre Spice technical director Oskars Antāns (Antans) admits to the business news portal BNN.

He acknowledges most likely the final decision will be taken in the coming week, at the same time adding it is now very difficult to estimate how much will be charged per kilowatt hour of electricity according to Latvenergo’s new tariffs.

Latvenergo’s offered price is no longer viable for us, and Enefit’s offer is more advantageous. Moreover, the financial aspect is particularly important, and we will take it into account in the assessment process, Antans says.

We will see if someone else offers anything else, but the key is to get the cheapest electricity, Antans says.

Also, SIA Linstow Center Management (LCM) shopping centre commercial director Evija Majevska indicates to BNN that this year will mark three years since LCM has started implementing effective energy resource programme at all Galactico shopping centres. Significant cuts in energy consumption have been achieved with each year and 2010 was no exception.

Both Latvenergo and Enefit’s offers for electricity supply are being examined, yet the final decision has not been made yet; therefore, the commercial director refrains from commenting more on the decision criteria.

In Latvia, Linstow has launched five shopping centres – Alfa, Mols, Galerija Centrs, Origo, Dole, as well as the largest mall in Estonia – Ülemiste.

While such a major energy consumer as Arēna Rīga has decided to continue collaborating with Latvenergo, because the company’s estimates show this choice is the most profitable. Arēna Rīga CEO Edgars Buncis points out that, considering hockey tournaments, ice maintenance costs should be counted in. Overall, during the heating season, Arēna Rīga pays Latvenergo and Rīgas siltums about 50 000 lats for heating and electricity monthly.

We have calculated that transfer to Enefit is not that beneficial for us, because there are no guarantees on what will happen with electricity prices on the open market after six or eight months.

It is easier to plan if we know the expected consumption and the fixed Latvenergo tariff, says Buncis. He admits that the company has also assessed other alternative electricity resources. We have found that currently screens with solar panels on the roof would be too expensive technologies to convert light energy into heat efficiently.

Given that we have ice year-round, we gather heat produced by compressors and ensure hot water supply in the entire hall. Two years ago, we invested larger sums of money, thus economizing even more, reveals Arēna Rīga CEO, adding that the company has received a license for constructing its own cogeneration plant.


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  1. hoijaaa says:

    it looks like the state company might face some serious trouble in future

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