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LATEST UPDATE IN LATVIA

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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  1. LATEST UPDATE IN LATVIA

  2. 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;

  3. 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.

  4. 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.

  5. 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

  6. 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

  7. THANK YOU FOR • ATTENTION ! • WWW.SPRK.GOV.LV

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