RIGA - There have been no indications yet that the solvency of individuals and businesses is weakening and that they are struggling to pay their electricity bills, Latvenergo energy company's board chairman Guntars Balcuns said in an interview with TV3 channel Wednesday.
At the same time, Balcuns indicated that the government is looking for the best solutions to provide assistance to those groups of people who might have difficulties paying their bills because of the steeply rising electricity price.
Latvenergo, too, is ready to work with its clients, for instance, if some of them request a postponement of payment.
As reported, Europe is currently seeing an unprecedently steep rise in all energy prices.
The mitigate the impact of the energy price hikes, government has already decided to increase financial support to low-income and destitute consumers and other less protected groups from November 1.
Furthermore, seniors that have been vaccinated against Covid-19 will receive a monthly benefit of EUR 20 for five months until March 31, 2022.