Asheraden: Latvia could abandon the OIK in the next three years



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Latvia will be able to completely abandon the mandatory supply component (OIK) over the next three years, said Monday the Minister of Economy Arvulis Ašeradens (V) in a interview at the Latvian TV show "Morning Panorama".

"For the moment, we have developed a scenario that allows us to completely abandon OIK payments within three years: we will publish this scenario on August 1st, it will not be easy, I already see that there is a very strong reaction ". ] At the same time, the minister acknowledged that Latvia could also refuse to OIC the following year, but in this case, the country would be attracted to mbadive litigation. "I will not scrutinize, but these amounts could be hundreds of millions of euros Our task is to find legal solutions to get out of this situation," said Mr Aseraden, adding that the European Commission was one of best tools to solve this problem. It has already been said that the government decided on April 17 to create a working group to abolish the mandatory electricity purchase system. The head of the working group is Aseräden, and the deputy secretary of the Ministry of the Economy, Erik Eglītis, is the deputy head of the working group. The working group includes the heads and experts of ministries and public institutions, the Latvian Employers' Confederation, the Latvian Chamber of Commerce and Industry, the Council of Foreign Investors and other governmental social partners as well as as representatives of renewable energy badociations. On August 1, the Ministry of Economy was instructed to evaluate the impact of the OIC on the payment system of the OIK and to prepare proposals for the abolition of the OIK payment system. Proposals from the Cabinet of Ministers for amendments to the law on the cancellation of the payment system of the Electricity OIK, taking into account the proposals of the working group.

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