Latvenergo's fixed tariff to rise as of September

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As of September, approximately 400,000 Latvenergo customers with fixed tariffs will see an increase in electricity charges, the Chairman of AS Latvenergo Board Mārtiņš Čakste told LETA on July 21.

The size of the increase will vary, but for households consuming between 150 and 170 kilowatt-hours per month, the increase at the expense could be around ten euros per month.

He said that increased tariffs would still be below market prices, and Latvenergo's increased costs for electricity would try to depreciate as much as possible.

Latvenergo is engaged in the production and marketing of electricity and thermal energy, as well as in the trade of natural gas and the provision of electricity distribution services. Latvenergo belongs to the State, while the company's bonds are listed on the Nasdaq Riga stock exchange.

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