Some politicians in Latvia are using the same rhetoric: our hydro plants have a production cost of 0.1x/MWh, but nordpool price is xMWh. Somebody is stuffing th

Some politicians in Latvia are using the same rhetoric: our hydro plants have a production cost of 0.1x/MWh, but nordpool price is xMWh. Somebody is stuffing their pockets!! What they don't say is: some of our hydro plants are being maintained and the rest are capable of generating a fraction of country's needs. Sure, some of the money goes to small privately owned plants, but the most goes to large state-owned plants, who are (ideally) using the money to upgrade their equipment and the rest goes to government as dividends, which will probably be spent to support heating expenses in winter..