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LATVIA
The Public Utilities Commission (PUC)
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country map
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| Latest News |
For recent news on Latvia, please, refer to its News page >>.
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| Key Statistics (2007) |
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Population |
2.27 mln (year end) |
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GDP/Capita |
$12.754 |
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Generation |
Hydro: 58.1%
Fossil fuel: 38.6.3%
Small RER-E: 3.3% |
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Electricity Market Size |
7.9 TWh/year |
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Surplus Installed Capacity over Demand |
1000 MW |
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Net Electricity Importer |
(3.4 TWh) |
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Natural Gas Consumed |
1.67 bln cm |
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Natural Gas Imported |
1.65 bln cm (100%) | |
| Summary |
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Established in 2001 (replaced Energy Regulation Council), 87 staff members
As of December 2005 Mrs. Valentina Andrejeva has been appointed as the new PUC Chair. The Parliament (Saeima), following the recommendation of the Cabinet of Ministers, appoints 5 Commissioners of the PUC's Board for the period of five years (can be reappointed for more than one term). There is no staggered approach stipulated in appointing Commissioners.
The PUC is financed through regulated services' providers. The duty to be paid to the PUC should not exceed 0,2 percent of net turnover of the regulated enterprises.
Is a multi-sector regulator overseeing electricity, gas, heat produced in cogeneration plants, electronic communications, and post and railway sectors, and as of January 2008, for heating, water supply and waste management for Riga City only. It is responsible for licensing, setting tariffs, protecting consumer interests, promoting competition, resolving disputes and controlling quality. |
| Industry and Market Structure |
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Electricity
- The state owned joint stock company “Latvenergo” covering 58% of total consumption, operates generation, distribution and sale
- The TSO “Augstsprieguma Tīkls” is a separate legal entityю The DSO "Sadales tīkls" is a separate legal entity.
- Private generation (wind, small HPP, CHPP) companies covering 8% of total consumption
- Small private distribution - supply companies
- Electricity Market Law was adopted by Parliament (Saeima) on 05.05.2005.
Natural Gas
Market structure: vertically integrated private-owned joint-stock company "Latvijas Gaze" responsible for transmission, distribution and storage
PUC regulates natural gas prices. |
| Current Energy Issues |
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Electricity regional Initiatives - Baltic Electricity Market
Harmonization of the energy policy according to the European Union Directives |
| Contact |
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Brivibas Str. 55, Riga, Latvia, LV-1010,
Tel. (371) 67097200; Fax (371) 67097277; E-mail: sprk@sprk.gov.lv
Internet: http://www.sprk.gov.lv, http://www.erranet.org/AboutUs/Members/Profiles/Latvia |
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Laws, Regulations
Org. Chart of PUC
Annual report
Grid Code
License
Tariff Methodology
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