Dear customer!

Latvenergo AS would like to inform you about the changes to the mandatory procurement components.
The mandatory procurement components is PUC ratified compensation that covers additional Latvenergo AS expenses that arises through purchases from producers who generate electricity from renewable energy resources and those who generate electricity during the cogeneration process at the increased support tariff. Latvenergo AS is obliged to buy electricity at the support tariff or increased price in accordance with the Electricity Market Law and our electricity trading licence issued by the PUC.

Taking the aforementioned factors into account, the PUC has reviewed the size of the new mandatory procurement components and with PUC Board Decision No 60 has stipulated the following mandatory procurement components for end users – market participants:

• mandatory procurement component buying from producers that generate electricity in cogeneration mode - 0.0094 Ls/kWh;
• mandatory procurement component buying from producers that generate electricity from renewable energy resources – 0.0021 Ls/kWh.

The adopted amendments could increase your total electricity bill by 3% to 9% depending on the volume of your consumed electricity.