Saeima urges Economics Ministry to draw up regulations rescinding mandatory procurement component already in spring

RIGA - Saeima on Thursday issued a statement urging the Economics Ministry to draw up regulations to rescind the mandatory procurement component in electricity tariffs as of March 31 this year, although the outgoing Economics Minister Arvils Aseradens (New Era) had originally offered to lift the mandatory procurement component in 2022.

86 MPs voted for the decision, with no votes against and no abstentions. Several Saeima members did not participate in the vote.

The draft statement was submitted to Saeima by MP Didzis Smits (KPV LV) and other members of KPV LV and the Union of Greens and Farmers.

The objective is to have electricity cost reduced for residents of Latvia. Saeima Economic, Agricultural, Environmental and Regional Policy Committee will have to ensure parliamentary control over the abolition of the mandatory procurement component.

As reported, earlier on Thursday, Saeima rejected Harmony's motion of no confidence in Aseradens.