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Electricity prices set to rise in Latvia

  • 2014-01-27
  • From wire reports, RIGA

Electricity prices in Latvia are set to rise later this year, Latvenergo reports

Latvenergo is planning to push up electricity prices from 0.167 euros to 0.169 per kilowatthour (kWh) to most households in Latvia from April 1 this year.

The lower rate of 0.167 euros per kWh will be offered to clients who have registered with "e-Latvenergo" and whose average monthly electricity consumption is below 300 kWh. The 0.169 euro rate will be offered to households consuming less than 200 kWh per month and that have not registered with "e-Latvenergo".

Households that consume 200 kWh to 600 kWh per month will be charged 0.1635 euros per kWh, and households with electricity consumption of over 600 kWh a month will have to pay 0.16 euro per kWh.

At the moment, around 650,000 households in Latvia consume less than 200 kWh of electricity every month, as the company representatives have said. Latvenergo board member Uldis Bariss said the increase in electricity rates will vary for households, but households with low electricity consumption will have to pay about 5 euros more each month.

As reported, Latvia's electricity market for households will be liberalized from April 1.