Feed-in tariff
Updated: 18.01.2019
Latvia’s RES support scheme is temporarily suspended, and it is planned to be closed for new installations until the end of 2019. In July 2016, an overcompensation prevention mechanism for payments for the electricity acquired under mandatory procurement or plants’ installed electric capacity was introduced. As a result, the profit in the plant may not exceed 9% during the entire period of support. Energy Development Guidelines 2016-2020 were introduced in 2016 by the Cabinet of the Ministers. The Guidelines foresee an increase of the share of renewable energy sources (RES) in final energy consumption to 40% by 2020 and to 50% by 2030. The guidelines set the goal to develop a new national support mechanism for the electricity production from RES until 2018. In order to ensure that energy is produced using the most cost-effective technologies, support measures should be technology neutral. No new developments regarding a new funding system could be detected until December 2018.
Latvia