RIGA - As of July 1, 2018, natural gas tariffs for households in Latvia will increase, according to an announcement published by Latvijas Gaze natural gas utility in the official newspaper Latvijas Vestnesis.
Starting from July, gas tariffs (including excise tax and value added tax) for households using up to 500 cubic meters will be EUR 0.77 per cubic meter, which is a rise by nearly 10 percent.
For households consuming 500 to 25,000 cubic meters a year, the tariff will be EUR 0.47 per cubic meter, which is a rise by almost 17 percent.
Tariffs for natural gas consumers who consume up to 15,000 cubic meters a year, are changed twice a year – on January 1 and July 1.
As reported, the Latvian gas market opened up to free competition on April 3, 2017, allowing legal entities to freely choose a gas supplier. Households, meanwhile, still can continue to buy natural gas for a regulated price from their existing supplier.