President Rinkēvičs says electricity tariffs should be reviewed

 The President of Latvia Edgars Rinkēvičs said Wednesday, August 9, after the meeting with PM Krišjānis Kariņš, that the increased electricity distribution rates have to be reviewed and the regulator's behavior is not acceptable.

“What is being done by the regulator [Public Utilities Regulatory Commission, SPRK] is not acceptable,” the president said, adding that the regulator has not performed well and that the decision on electricity tariffs needs to be reviewed.

Rinkēvičs also added that “[the regulator] was probably caught up in operating a monopoly while forgetting the interests of the public”.

He said that SPRK was an independent body, but “if it starts to do unacceptable things, these things need to be reviewed, I expect action, otherwise I don't see why such authorities should be maintained”.

Rinkēvičs stressed again that, in his opinion, the tariffs should be revised because their increase is disproportionate and unacceptable.

As reported earlier, as of July, the new electricity distribution and transmission rates came into force, causing outrage among the public.

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