Storing electrical energy in batteries narrows the circle of energy suppliers

Although the installation of solar panels and batteries will undoubtedly reduce your electricity bill, it can also limit your choice of which electricity market participant to buy energy from when the solar-generated and battery-stored power is not enough. For example, JSC Virši-A does not conclude electricity supply contracts with owners of such systems. This was discovered by social network X user Gatis Krūmiņš while exploring market options.  […]

Latvenergo, by borrowing, plans to reduce the price of electricity

Latvenergo, which from next year must pay 90% of its annual profit into the state budget instead of the current 70%, will borrow up to one billion euros over the next three years. Contrary to some suspicions, the money will be invested in renewable energy projects, not in buying out Tet and LMT, Inc., explains the company’s Director of Communications, Andris Siksnis. After the announcement distributed by Latvenergo on 31 October that the company […]

Elenger launches its first electricity storage battery system

This week in Latvia, Elenger’s first battery energy storage system (BESS) has started operation, connected to Elenger’s solar park in Nīca, near Liepāja. The entire complex can provide green energy for 1,500 households per day or for charging 50,000 km of electric car driving. Elenger, the largest private energy company in the Baltics and Finland region, has invested 2 million euros in the project, and the BESS provides 4 megawatts (MW) of power […]