August 2022 Amendments to the Law on Measures to Reduce the Extraordinary Rise in Energy Prices

The Law stipulates support measures from 1 October 2022 to 30 April 2023.

It consists of new support measures in the form of a grant to ensure uninterrupted operation of energy intensive companies working in the processing industry in order to promote market stability in relation to the increase in energy prices and to maintain the competitiveness of Latvian companies in the current geopolitical situation. The authors of the Draft Law note that the support will be extended to companies whose energy costs make up at least 10% of total costs and that consume over 500 megawatt hours of electricity per year.

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