Category Indicator Data
1GeneralInflation (2016)~1%
2GeneralUnemployment (2016)~10%
3GeneralGrowth indicators (2016)25
4GeneralTaxesCorporate Tax 15%
5RESFeed- In Tariff - FITFeed in tariffs are applied to all electricity producers who received permissions to sell produced electricity prior to 2012 when permission granting was stopped due to great increase in feed in components to final consumers.
* The access of RES power plants to the grid is subject to general energy legislation. No priority is given to electricity from renewable sources. In addition, priority is given to plants for the production of heat from RES and there is no specific legislation to promote the connection of RES heating units to the heat transfer network at national level.
6RESBanksThe main problems and risks of energy Latvian sector are: There is no such as monopoly in the energy producing market. In Latvia there is free market in electro energy and heat energy. The current support for RES electricity production in Latvia will cease in 2037 (to individual plants). The new support system is currently being developed and will become operational after 2020. Renewable electricity generation is supported through a complex support system based on a guaranteed fixed price system, which also includes elements of a quota and tender system.
7Energy efficiencyESCOsThe existing stringent energy efficiency requirements for enterprises in relation to energy management creates conditions for the development of the ESCO market. LABEEF plans to provide ESCOs with long-term funding for energy efficiency improvements in residential and public buildings. At the same time Latvian authorities currently work to provide ESCOs with long term financing as currently they mainly have access only to short-term funding for this purpose.
8Energy efficiencyBanksLocal banks provide long term financing for energy efficiency projects in residential buildings. In the planning period 2014-2020 there is a possibility to receive also Altum loan, however the largest part of applicants use bank loans to implement projects. The European Bank for Reconstruction and Development (EBRD) supports an innovative solution to help Latvian Energy Services Companies (ESCOs) to obtain long-term funding to improve energy efficiency through the Baltic Energy Efficiency Facility (LABBEF). LABEEF expects EUR 500 million of investment in residential renovation in Latvia for 10 years.