Rīgas siltums JSC (RS) plans to double the heating tariff in Latvia’s capital on 2 October, according to the company’s suggested tariff changes.
The biggest change is planned for heating energy production component – by 118%. A small reduction – by EUR 0.51 – is planned for the end tariff after 15 August 2023.
Heating energy’s end tariff is planned to be increased from the current 85.45 EUR/MWh to 170.59 EUR/MWh (without VAT).
‘The increase of the existing heating energy tariff is related to the rapid price rise for natural gas and procured heating energy,’ RS explains the tariff change.
As previously reported, on 1 September the Public Utilities Commission (SPRK) announced having approved new heating energy tariffs for Latvenergo TEC-1 and TEC-2, which will be much higher than existing ones. These tariffs will have a major influence on the heating tariff of RS.
Also read: Latvia increases tariffs of produced heating energy; prices in Riga to be strongly affected
Latvenergo TEC-1 and TEC-1 supplies an average of approximately 45% of RS’ total heating energy provided to users every heating season.
The remaining heating energy is produced by RS using both natural gas and biomass (wood chips), as well as by independent heating energy producers, which mostly use wood chips.