In Latvia the regulatory framework for RECs and CECs is currently emerging. Status July 2021
->2021-22. The regulatory development will be completed inin the field of energy communities (Amendments to the Energy Law and the Energy Marketlaw and subordinate regulations of the Cabinet of Ministers)
->In 2021, the necessary support measures and financial will be definedthe basis for energy communities to operate primarily in the field of solar energy;
->In addition, other investment resources will be sought to support energy communities(such as the Modernization Fund, which is funded by the EU Emissions Trading Schemetrading systems)• –
>In 2022, a support program will be developed to support energy communitiesin the field of solar energy;
In Latvia energy communities may build on the social enterprise law. A social enterprise is a company withlimited liability to which social security has been granted and which has a positive social impacteconomic activities (such as the provision of social services,building an inclusive civil society , promoting education,support for science, protection and preservation of the environment).
Source:
Einārs Cilinskis, Ministry of Economics