"I have good news about electricity prices. The open market has been working for a year already and for the first time in Latvia's history consumers will see a drop in electricity prices," the minister said.
"Latvenergo power utility will soon send an offer to its customers, where the electricity price will by by 6 to 8% percent lower next year than this year," she said.
She said that the price drop has been promoted by the new Swedish-Lithuanian power link and expansion of the Latvian-Estonian power link.
Latvenergo is a state-owned electricity utility, which also provides telecommunications and IT services.