Higher gas bills expected in 2021 in Latvia

Natural gas tariffs for households will rise starting January 1, 2021, depending on the amount of consumption, by anywhere between 5.5% and 9.4%, according to the official publication by Latvijas Gāze on December 10.

For households consuming up to 250 cubic meters of natural gas per year, the differentiated final trade rate with value added tax (VAT) and excise duty will increase by 5.5% in the first half of 2021, from €0,47365 per cubic meter to €0.49949 per cubic meter, while for households consuming between 250 and 500 cubic meters of natural gas the final tariff will rise by 5.9%, from €0.43745 per cubic meter to €0.46328 per cubic meter.

For households consuming between 500 and 25,000 cubic meters of natural gas a year, the final tariff will increase by 9.4% - from €0.27501 per cubic meter to €0.30084 per cubic meter.

On the other hand, the fixed part of the payment for natural gas will remain unchanged during the first half of the year.

Natural gas consumers using up to 25 000 cubic meters experience two tariff changes a year - on January 1 and July 1.

Gas tariffs in 2020 were reportedly the lowest in the past ten years.

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