An increase in gas supply and distribution tariffs at the level of inflation and an increase in electricity tariffs for regional power companies will not affect the prices of these energy resources for the population. A corresponding statement was made by Deputy Head of the Office of the President of Ukraine Rostyslav Shurma. According to…
SIA Jurmalas siltums plans to increase the heating tariff in the city by 8.5% starting from February 1, 2022, according to the official entry in the Latvian Herald. On December 20, Jurmalas siltums submitted to the Public Utilities Commission its proposed heating energy tariff plan and justifications for approval. The current heating energy production tariff…
December 20 saw the market price of electricity triple compared to December 19 in the Estonian price area of the Nord Pool exchange. The average price was EUR 88.01 on December 19 and EUR 269.82 on December 20. The price was the highest between 6 p.m. and 7 p.m. hitting EUR 468 per megawatt-hour. Prices…
Minister of Economic Affairs and Infrastructure Taavi Aas (Center) said that alleviating the electricity price shock required adopting several broad-based short-term measures, including as one possibility a market price cap. The minister added that nuclear power feasibility analyses needed to be expedited. Aas said in a political statement delivered in front of the Riigikogu that…
The European Union shares the common understanding with the Ukrainian authorities that there is still a need for a more balanced approach to supporting renewable energy in Ukraine, EU Ambassador to Ukraine Matti Maasikas has said. “We share the common understanding with the Ukrainian authorities that going forward, there is a need for a more…
So far no one in the ruling coalition in Latvia has voiced any objections against reduction of VAT rate for electrical energy and natural gas. However, it is necessary to reach an agreement on specific solutions, said Minister of Economics Janis Vitenbergs has said. The minister said one of the issues that required the government…
Amid a surge in heating and electricity costs, the Lithuanian government has moved to cap the prices for consumers starting in January next year, spreading out the increase over five years. “To contain the price shock, we plan to cut off the peak of the price hike to spread it over the next five years.…