Lat­vian gov­ern­ment re­ceives plan for MPC can­cel­la­tion in 2022

Baltic News Network - - News - Read the full ar­ti­cle on bnn-news.com

Lat­vian Econ­omy Min­istry has sub­mit­ted to the Cabi­net of Min­is­ters Com­mit­tee a re­port on so­lu­tions for sup­port of elec­tric­ity pro­duc­ers to al­low for the can­cel­la­tion of the manda­tory pro­cure­ment com­po­nent from 2022 on­ward and pro­vide fair sup­port for green en­ergy pro­duc­ers based on mar­ket prin­ci­ples.

The min­istry claims that the pro­posed so­lu­tions for the can­cel­la­tion of MPC sys­tem were eval­u­ated from eco­log­i­cal and le­gal as­pects, as well as with con­sid­er­a­tion in re­gards to the im­pact on the state bud­get. «If pro­posed mea­sures are to be im­ple­mented fully, it will help bal­ance pub­lic and na­tional econ­omy in­ter­est in the medi­umterm, as well as se­cure state elec­tri­cal en­ergy se­cu­rity and help achieve long-stand­ing goals of Latvia’s en­ergy pol­icy,» Econ­omy Min­istry ex­plains.

The pro­posed so­lu­tions in­clude the fol­low­ing:

-pre­vent over-sub­si­diza­tion of all MPC power plants in 2019; -re­duce sup­port for non-com­mis­sioned power plants in 2019; -in­tro­duce stricter re­quire­ments for bio­gas sta­tions’ raw ma­te­ri­als in 2022;

-cease pro­cess­ing pay­ments from end users to nat­u­ral gas CHP plants, ex­cept for TEC 2 as a strate­gi­cally im­por­tant en­ergy plant, in 2022.

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