(LTV Ziņu dienesta korespondents) Electricity is becoming more expensive due to rising natural gas prices and the impact of Covid-19 on the economy in Latvia. All Latvian residents will experience price increases, but this will not happen at the same time. Experts forecasts for future price changes differ, Latvian Television reported August 2.
About 85% of Latvian households purchase electricity from Latvenergo. Starting August 1, the fixed price of the company s electricity tariff “Elektrum Ekonomiskais” will rise by 42.9%, while around half of the company s customers will see a price increase ranging from 40% to 50%.
Tariffs and electricity prices are growing in general, as they are also growing on the electricity exchange. On the other hand, the rise in stock prices is influenced by the volume of renewable and non-renewable energy sources in Scandinavia.
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