Thursday , May 26 2022

Electricity customers will increase their electricity bills from 0% to 15% next year.


From January 1, 2019, electricity customers from Latvenergo, the electricity company Elektrum, will increase their electricity bills from 0% to 15%, according to the Latvenergo project manager, Ilvija Livmane.

"Elektrum" sends new applications for the next period for every customer who ends the price by the end of the year, according to the terms of the contract. Price changes are individually, depending on the amount of electricity used. For example, two customers with a similar type will use the "Elektrum 600+" product. If one takes 600 hours of kilowat (kWh) per month then the kilowat hourly electricity (kWh) consumption will vary, even within one product, depending on the amount of electricity used. the other 900 kWh per month, then the price per kWh for one product will be different, "said Latvenergo spokesman.

The company stated that, in the 10 months of 2018 compared to the same period in 2017, electricity prices rose to the 49% stock exchange. Livmane also stressed that electricity is only one of the components in the electric bill, accounting for about one third of the total payment. "The share of electricity in next year's home bills will increase by 33-35%. However, as the electricity bill is only one-third in the entire bill, the total cost of the bill will be 0- 15%. A significant number of customers, such as protected users, will not be the changes at all or very small. In turn, the increase in the bill will affect the power of connection and the amount of electricity used by other users , "explained the company's representative.

Janis Bethers, Chair of the Enefit Board, Estonia's electricity producer Eesti Energia told the LETA agency that the prices of the electricity market change every hour. "We do not publish prices once a year, we set them in the market situation. The changes start from January 1, it sounds like an old fashioned fashion," says Bethers.

Lattelecom's electricity brand, tet, Arthur Pielen-Pelen replied, will the company's customers increase electricity prices next year, which now answered today, that each or 92% of the "tet" customers have chosen one of & The tariffs associated with the price of electricity exchange – that the customer pays for the electricity used every month in line with electricity exchange prices. In turn, the fixed service will remain the same price in 2019 as it is currently – 51 euro of the megawat (MWh) without VAT, which is 0.051 euros per kWh.

Baltic Marketing Manager Ievadas Čerņjevs said that the company does not intend to change electricity tariffs next year. The latest tariff changes took place in September this year, when 23.6% increased, and Baltcom's final price to the electricity user increased by around 10% and currently EUR 0,05617 excludes VAT (VAT) per kWh.

"Baltcom" provides for the sale of electricity at a fixed price every 12 calendar months. Each year the company sets the price for the new trading period of electricity, depending on the situation on the electricity market, that is, prices can decrease, and it can also increase. Baltcom's electricity price for the next trading period depends on the closing date of the contract, which is not often in January 1, "Chernyyev stated.

Elektrum customers have received recent notices indicating changes in electricity prices from January 1 the following year. Although customers spend the price the same, or even lower, many electric tariffs increase.

In Latvia, the electricity market was opened in 2007. Its opening was implemented gradually according to the Electricity Market Law. In 2007, the market was opened to traders who used electricity high, from April 1, 2012, electricity consumers were taking part in the market with so much use of electricity, and from 1 November 2012, other traders could buy electricity from & Free market. From January 1, 2015, the market was opened to homes.

A free market means that the electricity price is installed by the electric merchants in a combined competition, and its retail price comes from the wholesale and marking of the merchant's electricity and marking.

The wholesale electricity price of the electricity market, Pwll Nord, is determined and depends on the supply of electricity producers and demand for electricians in a specific hour, as well as on the costs and capacity of generating local power generators, transfer system capacity, carbon dioxide emission quota prices and world energy prices. The Public Utility Commission monitors the open electricity market.

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