With the opening of the natural gas market, Latvijas Gāze household customers will be able to pay for natural gas at a 24% to 37% lower price compared to the current regulated natural gas tariff and on customer-friendly terms.
With the full opening of the natural gas market, we will continue to provide our customers with an uninterrupted supply of natural gas, without contract renewal and already at market price, under the UNIVERSAL service, designed in accordance with the new Cabinet Regulation No. 78 that was adopted on 4 April.
According to the amendments to the Energy Law, the natural gas market will be fully open to households from 1 May 2023.
Latvijas Gāze is ranked 20th in the Top 101 of Latvia’s Most Valuable Enterprises, jointly developed by Prudentia, the leading Baltic corporate finance company, and Nasdaq Riga, the only regulated stock exchange in Latvia, and this year it is recognised as the second most valuable company in the energy sector in Latvia.
On 30 November of this year, the 15th Baltic Natural Gas Market Forum was held, which this year was organised by the Public Utilities Commission (PUC). These traditional regional meetings bring together energy regulators, market participants and policy makers from the Baltics, Finland, Sweden and Poland.
The tariff changes are due both to the increase in natural gas prices on global markets and to a significant decrease in the volume of natural gas delivered to users, which has had a significant impact on Gaso's operating results.