Electricity transmission rates to rise in July in Latvia

Electricity distribution system operator AS “Sadales tīkls” rates could increase by 32% on average from July 1 this year, while the tariffs of the electricity transmission system operator AS “Augstsprieguma tīkls” (AST) will increase by 36%, company representatives told journalists on Wednesday, April 26.

This is a significant drop from the initially planned rates. Distribution rates were at first planned to rise by 75%, whereas transmission rates - by 111%.

Companies' representatives said the reduction of costs was possible via a variety of political solutions and the prices of electricity on the global market, as well as by purchasing capacity reserves.

The tariff projects specified by the ST and AST have been submitted to the Public Service Regulator Commission (SPRK).

The new transmission and distribution rates are scheduled to enter into force on July 1, 2023.

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