Mitigating Energy Poverty through Innovative Solutions

As a result of economic turmoil, energy prices have sharply increased in the European Union (EU) Member States, including Latvia, leading to an increased risk of energy poverty. This phenomenon has negative impacts beyond just a decline in well-being and disposable income, extending to the public health sector. However, the EU\'s rapid energy transition and decarbonization efforts provide an opportunity to mitigate and prevent energy poverty by making environmentally friendly and economically viable energy solutions available for generation, transmission, distribution, storage, and consumption. This project aims to evaluate these transition solutions with the goal of reducing energy costs for consumers. To achieve this, the experiences, best practices, and support mechanisms of other countries will be summarized and evaluated in several respects to offer viable solutions to the growing energy poverty problem. The solutions found will then be analyzed and adapted to the Latvian energy sector, providing suggestions for technical, social, economic, environmental, and legal organizations to reduce the level of energy poverty and prevent its increase in the country. Ultimately, this project seeks to find sustainable solutions that not only address energy poverty but also promote public health and well-being.