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Latvian Saeima and Economy Ministry still study outcome of MPC system’s abolishment

Ralfs Nemiro/flickr.com/Saeima
Economy Ministry has prepared amendments to the Electricity Market Law, which provide for abolishment of mandatory procurement component system. The ministry is currently busy compiling information regarding the potential influence this decision could have on the national economy, agriculture, heating tariffs, as well as other legal aspects, said Economy Minister Ralfs Nemiro during a meeting with members of Saeima’s National Economy Committee.

Abolishment of MPC is one of the most important problems on the agenda of the National Economy Committee, because the point is ensuring cheaper electricity for end users in Latvia, said head of the committee Jānis Vitenbergs at a meeting on 12 March.

During the meeting, members of the committee listened to the minister’s report regarding Saeima’s decision on MPC system’s abolishment. According to Vitenbergs, it is planned to hold such meetings with the minister on a regular basis. Members of the committee also asked the minister about the progress with legal evaluation of MPC system’s abolishment, as well as the date when documents could be presented to the committee, as reported by Saeima’s press-service.


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