Savings possible with new energy tax

  • 2013-07-24
  • From wire report
RIGA - Latvia’s Economy Ministry is proposing a new tax on those electricity producers that are subsidized by the state, reports This will make it possible to keep the mandatory procurement component in check; the ministry has also developed a new aid system to help cover electricity costs for low-income households, it says.The ministry proposes that a tax of 14 percent apply to cogeneration plants, whereas companies producing electricity from renewable resources will be charged a 10 percent tax rate. The average tax rate would be 12.8 percent.According to the Ec...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.

In case you don't have a subscription yet - please visit our SUBSCRIPTION section