As part of a policy of seeking a reduction of State support to green energy production, the Ministry of Economics of Latvia has prepared a number of measures. The measures include, among others, renewing of 15% taxation of subsidized electricity and limitation of the internal rate of return. The Government will consider the Ministry’s proposal.

On Monday, 13 August, during the discussion at a Cabinet meeting, an opposition was expressed to every proposal put forward by a working group under the Ministry of Economics.

Representatives of different companies, organizations, electricity producers and electricity traders, as well as analysts, have met. Both electricity producers and other discussion participants raised their objections.

Renewable energy producers expressed concern regarding the Ministry’s proposal since these solutions would mean job losses. Without subsidies, the business loses its viability.

Sources: – LV; – RUS

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