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2017 – a new start for the Latvian energy sector

Jānis Bethers, Chairman of the Board of the energy company Enefit 05.01.2017

2017 will be a year of culmination for the Latvian energy sector, because while no pivotal new developments are anticipated, several important processes begun last year will come to fruition. We will finally witness the opening of the natural gas market, in addition to which work has started on the implementation in practice of the requirements laid down in the Energy Efficiency Directive and, during the second half of the year, it is likely that the closing act in the saga of the differentiation of the Mandatory Procurement Component (MPC) will be played out. This will be a year characterised by a new stage of development in the Latvian energy sector and concurrently a test for consumers and all industry players, challenging their abilities to adapt to rapid changes. More »

The Baltic electricity market – a small but highly diverse region

13.07.2015

The Baltics is one step away from a comprehensive open electricity market in all three countries. For the last six months all consumers in Latvia have been able to buy electricity on the open market, and only Lithuania has to open its market to households. At the same time significant differences in consumer electricity bills of each country still exist even in the open market. In addition, households in particular are the most diverse market segment that allows for the assessment of the overall market development in each country and the impact of decisions made by legislative bodies. More »

Finnish Ambassadress: Valka Power Plant Successful Example of International Co-operation

Nadežda Korņējeva – Krūmiņa, production manager of Enefit Power & Heat Valka power plant 14.11.2013

The power plant Enefit Power & Heat Valka welcomed several guests last week, including the Finnish ambassadress to Latvia, Pirkko Hämäläinen, who looked at the way in which cogeneration processes can produce electricity and heat in an efficient and environmentally friendly manner. The ambassadress praised the ability of Estonia and Latvia to work together successfully in terms of such a project. More »

Electricity Market says: No Investments!

Sandor Liive, Chairman of the Board of Eesti Energia 19.03.2013

“Given the low prices in the electricity market, it is not possible to build new output capacities in a profitable way,” the newspaper Dienas Bizness was told by the board chairman of Eesti Energia, Sandor Liive. He says that the price of electricity should be at least 50% higher if the construction of new power plants without subsidies were to pay off. More »

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