RIGA - From October to the end of this year, households will be compensated 60 percent of the fixed part of the power distribution tariff charged by Sadales Tikls power distribution system operator.
Prime Minister Evika Silina (New Unity), Economics Minister Viktors Valainis (Greens/Farmers) and Transport Minister Kaspars Briskens (Progressives) announced the decision following a coalition meeting on Monday.
The government plans to decide on proposing relevant legislative amendments to the Saeima at a Cabinet meeting on Tuesday.
Responsible ministries have been given until November 1 to come up with proposals on how to balance the rise of power distribution tariffs for households.
The prime minister mentioned the possibility of reviewing the power distributions tariffs from 2024 and finding financial sources to address the sharp tariff hike as possible solutions.
For his part, Economics Minister Viktors Valainis (Greens/Farmers) said that electricity tariffs might be cut from January 1, 2024 or earlier.
Silina also noted that between 90,000 and 100,000 protected users have already been granted additional support to help them pay their electricity bills.
Earlier, a steep surge in the power distribution tariffs triggered strong public discontent.