According to the decision of the Regulator, the fee for the use of the starting point for supplying Latvian users from December 1, 2023 will be 0.0026488301 euro per kilowatt hour (kWh) without value-added tax.
The SPRK Decision States that the Conexus tariffs were calculated on the basis of the necessary revenues from the natural gas transmission system capacity reservation service, which covers the technologically and economically reasonable costs necessary for the efficient provision of the capacity reservation service, ensuring the profitability of the public service.
By submitting the tariff plan to the regulator, Conexus initially planned that the tariff for natural gas transmission system services would increase by 38.5%, which on the total bill of natural gas users would have an impact in the range of 0.5-1.1%, including, for example, for a household consuming four cubic meters of natural gas per month, the monthly natural gas bill would grow by 0.04 euros, while for households consuming 250 cubic meters of natural gas per month, the monthly natural gas bill would increase by 1%, or 2.43 euros. Meanwhile, for legal entities, the tariff increase will amount to an increase of around 1.1% in the natural gas monthly bill.
“Conexus” is the unified natural gas transmission and storage operator in Latvia. Conexus' largest shareholder is the state-owned “Augstsprieguma tīkls” (68.46%), while 29.06% of the shares are held by the MM Capital Infrastructure Fund, managed by Japanese company Marubeni, and 2.48% by the other shareholders.