Energy Market

International Internet Magazine. Baltic States news & analytics Monday, 18.06.2018, 20:03

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Kalvitis’, Godmanis’ governments had allowed unlimited issue of renewable energy licenses

Kalvitis’, Godmanis’ governments had allowed unlimited issue of renewable energy licenses

09.03.2018

The decision made by the governments of then prime ministers Aigars Kalvitis and Ivars Godmanis opened the door for unlimited issue of renewable energy licenses that introduced the mandatory purchase component (MPC), which is the part of the electricity price used to subsidize green energy producers, said Economics Minister Arvils Aseradens (Unity) at the Saeima debate reports LETA.

Keyword tags: Energy, Energy Market, Latvia



Nelja Energia ascribes difference between audited, unaudited result to amortization

Nelja Energia ascribes difference between audited, unaudited result to amortization

08.03.2018

The significant difference between the audited and unaudited profit of the Baltic renewable energy company AS Nelja Energia resulted from the amortization of goodwill in the course of the audit, according the company information writes LETA/BNS.

Economics Ministry annuls renewable energy license to Rigas Energija

Economics Ministry annuls renewable energy license to Rigas Energija

07.03.2018

The Latvian Economics Ministry has decided to revoke the license of renewable resource cogeneration plant to Riga Energija that partly belongs to Martinsons family, the ministry reported LETA.


Power generation at Latvian hydro power plants grows twofold y-o-y in January

Power generation at Latvian hydro power plants grows twofold y-o-y in January

07.03.2018

In January 2018, Latvia's hydro power plants generated two times more electric power than in the respective period last year, according to the information from the Central Statistical Bureau.

Enefit profit in Latvia at EUR 1.12 mln in 2017

Enefit profit in Latvia at EUR 1.12 mln in 2017

07.03.2018

Estonian power utility Eesti Energia's Latvian subsidiary Enefit operated with a profit of EUR 1.12 mln last year, which is 23.5 % more than in 2016, Enefit CEO Janis Bethers told LETA.


05.03.2018

Electricity prices in Baltic, Nordic region remain high amid cold snap

Electricity prices in the Baltic and Nordic countries remained high last week as the cold snap continued to grip the region, Lithuania's power transmission system operator Litgrid said LETA/BNS on Monday.

05.03.2018

Augstsprieguma Tikls paid EUR 57.394 mln for Conexus shares

Latvia’s Augstsprieguma Tikls transmission system operator last year paid EUR 57.394 mln for a 34.36% stake in Conexus Baltic Grid, the operator of natural gas transmission and storage infrastructure, Augstsprieguma Tikls board chairman Vairs Boks told LETA.

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