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State aid drives electricity prices higher

  • 2012-12-20
  • From wire reports
If the current state aid schemes for electricity generation do not change, the average electricity rates in Latvia may increase 63 percent by 2020, including by 53 percent for households and 73 percent for large industrial enterprises, the Economy Ministry has concluded, reports into account that the current policies may lead to a significant increase in electricity rates in the coming years, the ministry has drawn up a report on the risks posed by such an increase and on ways to reduce these risks. The report will be submitted to the government and the Economy Mini...
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