Published on March 13, 2014
Market opening for households – lessons to learn Rolands Irklis Commissioner Public Utilities Commission 14.03.2014.
Is it the best time for market opening? Opinions and myths? No existing retail competition for Latvenergo in household sector Or facts? Latvenergo is the only electricity provider and market player in Latvia Lack of interconectors with Scandinavian market areas are threat to competition
Competition in household sector Opinion On the 3rd of March, 2014 there were 4 retail competitors with offers for households Fact No existing retail competition for Latvenergo in household sector
NordPoolSpot Lack of interconectors with Scandinavian market areas are threat to competition Opinion Price differences in between Nord Pool Spot areas are nothing unusual Fact
Market participants in free electricity market Latvenergo is the only electricity provider and market player in Latvia Opinion Latvenergo retail market share has decreased to 81% Fact Data source: Competition Council report on electricity trade in free market Market participant Market share on year 2012 4th quarter SIA "Baltic Energy Pool" <1% SIA "BCG Riga" <1% SIA "Enefit" <30% SIA "Enerģijas avots" <10% SIA "Inter Rao Latvia" <1% AS "Latvenergo" >70% 75% of all electricity consumed is beeing traded in free market. The rest 25% is regulated market with households.
Legal and household sector What is the difference between legal and household sector?
Legal and household sector Legal entities Household entities Consumers with large volumes Consumers with low volumes Small investment in client management Large investments in client management Higher demand elasticity, smart meters – ability to diversify products Low demand elasticity, lack of smart meters – the products are simple, generally flat, fixed prices
Latvian household markets specialities Obligation to include discount in the bill for low income households (not approved yet). Single bill (electricity price + distribution tariff + component for subsidized energy). Additional obligations regarding customer service. Retailer centred model
Where should be balance between consumer`s convenience and retailers convenience?
Any questions? Sabiedrisko pakalpojumu regulēšanas komisija, Ūnijas iela 45, Rīga, LV-1039 Tālr. 67097277, e-pasts: firstname.lastname@example.org, mājas lapa: www.sprk.gov.lv YouTube: http://www.youtube.com/user/RegulatoraVideo
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