Latest update in latvia
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LATEST UPDATE IN LATVIA. Electricity Market Opening. All households and non household consumers with less than 50 employees and yearly turnover less than 7 million LVL have the rights to use the universal service of electricity;

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LATEST UPDATE IN LATVIA

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Latest update in latvia

LATEST UPDATE IN LATVIA


Electricity market opening

Electricity Market Opening

  • All households and non household consumers with less than 50 employees and yearly turnover less than 7 million LVL have the rights to use the universal service of electricity;

  • Universal service – ability to be supplied by economically justified price;

  • The consumers which do not qualifies to get universal service are obliged to buy electricity from traders for contract price;


Electricity market opening1

Electricity Market Opening

The Commission granted rights to JSC Latvenergo from January 1, 2009 to set the tariffs for the captive customers by the company itself:

  • Commission within 21 days asses tariffs conformity with the calculation methodology and justification;

  • if the Commission does not reject tariffs proposal, it enter into force on the date indicated but the company;

  • if the Commission rejects tariff proposal tariffs do not enter in the force.


Electricity market opening2

Electricity Market Opening

  • 32% of total electricity is traded forcontractprice (non-regulated);

  • Since July 1, 2008 130 customers switched the supplier, 10 of them twice;

  • On September 1, 2009 8% from free market customers purchase electricity from independent traders.


New legislation

New legislation

On February 2009 new Regulations on RES-E were accepted

  • Price is fixed for period of 10 years and reduced after according to formula

  • As reference to set price for electricity from biomass is used natural gas price

  • Prices are differentiated by:

    installed capacity

    type of fuel


New legislation1

New legislation

  • On February 2009 new Regulations on CHP were accepted

    • Introduced provision how to get qualified for capacity payment

  • On July 2009 new regulations on electricity trade were accepted

    Reduced time of prior notice of customer’s switching from 3 to 2 months

    Adjusted balancing provisions


Latest update in latvia

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