Light bills for Elektrum customers to increase 65%

RIGA - Light bills for customers of the joint-stock power utility Latvenergo's brand Elektrum will increase by an average of 65 percent or by EUR 10 to EUR 12 per month, Latvenergo representative Ivita Bidere told LETA.

LETA has information that, for example, customers who pay the Elektrum Economic tariff will have to pay 67 percent more from September 1 as the tariff will increase from EUR 0.14169 to EUR 0.23671 per kilowatt-hour (kWh).

Bidere explained that in order to ensure stable services in accordance with the market situation, the company revises prices for customers as the price of electricity continues to rise.

Electricity price changes for Electrum customers will be individual, according to the terms of the contract and depending on two factors: the selected product and when the contract was concluded.

Therefore electricity prices for customers will increase differently, but on the average they will be about 65 percent higher, which for the average customer represents an increase in the light bills by EUR 10 to EUR 12 per month.