Latvian Minister of Economy Janis Vitenbergs intends to once again ask coalition partners to approve reduced value added tax (VAT) rate for electricity, natural gas, heating energy and fuel lumber, as confirmed by the minister’s public relations advisor Ineta Vilistere-Lace. She said the proposal, which could be reviewed at a meeting of the coalition council…
The state-owned energy firm Eesti Energia has signed a long-term purchase agreement with clean energy generator Octopus Renewables, acquiring with it a major wind farm in Finland, over a five-year term starting this year. Margus Vals, Eesti Energia board member, said: “This is another landmark deal which brings more green energy to consumers and helps…
In 2021, PJSC Ukrhydroenergo paid UAH 6.8 billion in taxes, fees and other obligatory payments to the budgets of all levels. “The company, as the largest budget-generating state-owned company, in 2021 paid taxes, fees and other mandatory payments to the budgets of all levels in the amount of UAH 6.8 billion with a target of…
In 2021, the Naftogaz Group commissioned 50 new wells at gas fields. “In 2021, our specialists commissioned 50 new wells (in 2020 – 41 wells were commissioned), including: 11 wells with a production rate of more than 100,000 cubic meters of gas per day and three wells with a production rate of more than 250,000…
A bill aimed at slashing VAT on energy bills is being held-up at the Riigikogu – partly because the chamber is nearing the end of a four-week winter recess in any case – but also as the two coalition partners, Reform and Center, aim to patch up differences on the bill. While Reform opposed cutting…
Lithuania could consider building small-scale nuclear power plants in the future to speed up the restructuring of its energy sector, the President Gitanas Nauseda has said. “We can discuss, for example, small-scale nuclear power plants. For the time being, we have to focus on the need to produce green energy and diversify our energy sources,…
From January, local municipality governments will begin accepting applications for energy price compensation. Many municipalities have hired additional people to prepare for the avalanche of applications set to come in. Tallinn is set to begin accepting energy price compensation applications from January 17. The city has told people to wait for February with their bills…