2 Estonians killed working on high voltage power line in Sweden
Two workers from Estonia were killed in a work related accident in Sweden on Monday when they began replacing a high voltage power line without making sure that power had been switched off and were hit with 30,000 volts of power.
Ministry misses mark with its energy crisis talk
Entrepreneurs reject economy ministry notion of production units switching themselves off should energy crisis hit as local electricity production is eradicated.
09.06.2016, Andres ReimerPM
Ministry thinks to turn power off when it gets cold
Under leadership of Kristen Michal, economy ministry thinks it expedient to switch a part of consumers off the mains power supply instead of charging higher fees and build new plants to cover Estonia's needs.
08.06.2016, Andres ReimerPM
Network operator says Estonia to halve power production
State enterprise Elering chief Taavi Veskimägi says we need to jettison the pillar and stay of our energy security which is excess capacity in case of winter colds.
07.06.2016, Andres ReimerPM
North-East Estonia vulnerable to nuclear disaster in Russia
Leningrad Oblast environmentalists are sounding an alarm, assessing that the soon completed nuclear power station in Sosnovy Bor is endangering Narva and Sillamäe as builders wink at security measures.
17.02.2016, Andres ReimerPM
Big burning of wood to birth brief forestry boom
Governmental decision to allow massive burning of wood in oil shale power stations of Eesti Energia will boost the forestry business bu half while raising timber price may spell heftier heat bills.
21.01.2016, Andres ReimerPM
Eesti Energia to devalue assets by EUR 65.6 mln
The state-owned Estonian energy group Eesti Energia is about to record an impairment loss of 65.6 million euros in financials for the final quarter of 2015.
Africa en example for energy independence to Estonia
Thanks to technology revolution, the Estonian eager for innovation will within years break free from energy taxes imposed by the state, and of the major producers pampered with subsidies, predicts World Energy Council's European region head Einari Kisel.
11.01.2016, Andres ReimerPM
2016 in economy: expect boredom
Though the year now behind us was filled with some sharpness it looked (macro)economically rather dull and LHV economist Heido Vitsur, twice winner of Postimees economic forecast, expects more of the same in 2016.
04.01.2016, Tõnis OjaPM
Fixed rate electricity tariffs would power monopoly
While supposedly favorable for consumers and network operators, in current situation flat rate electricity tariffs would only boost the monopoly of Elektrilevi on the market.
19.10.2015, Siiri LiivaPM
Electric power industry pivotally impacted by solution from Estonia
Sympower, a company of young UK-educated men has created a solution offering up to third in savings for electricity sellers and consumers while helping balance out entire electricity system thus boosting use of solar and wind energy.
28.09.2015, Aivar PauPM
Estonia to break ground in Jordan
For nine years, Estonia and Jordan have toiled at grand joint project to mine oil shale, build a power station and produce shale oil. With the first two, finishing line is in sight.
10.09.2015, Anneli AmmasPM
Eesti Energia plans petrol production from oil shale gas
Eesti Energia has proclaimed a design procurement for devices extracting gasoline from oil shale gas, intending to add these to Enefit-type plants producing oil from oil shale.
Eesti Energia squandered dozens of millions of euros
Internal audit reveals tens of millions of losses caused to company by management mistakes of former CEO Sandor Liive and his subordinates.
03.09.2015, Andres ReimerPM
Sutter says «use electricity in the night»
Consumers should watch the hourly electricity price as exchange fluctuations may cut price ten times lower, advises Eesti Energia CEO Hando Sutter.
11.08.2015, Andres ReimerPM
Electricity elusive for small town firms
It’s a vicious circle for lots of Estonia’s rural areas: desiring to develop local business, they cannot afford to build the power networks with voltage needed.
09.06.2015, Anette ParkseppPM
Eesti Energia eyes existing European refinery
Hando Sutter, Eesti Energia CEO since December, says the company is considering production of motor fuel in a European refinery rather than building the expensive diesel plant in Auvere.
21.01.2015, Andres ReimerPM
Editorial: all rules kept. All wrong
It’s not just what we do, it’s what we don’t that has consequences. With the tragic fire on the opening day of the year, in Laekvere, Lääne-Viru County, both came into play. Both to our shame, as society.
Rescue Board head: leaving Laekvere family without electricity was irresponsible
Rescue Board director-general Kuno Tammearu deems it irresponsible that electricity had been switched off in the house at Rohu village, Laekvere, Lääne-Viru County where a mother (33) perished in fire with two young children – boys aged five and two – on January 1st.
12.01.2015, Andres EinmannE24
Vaata, milliseid äriideid Prototron toetas
Prototüüpide valmimist toetava rahastu järjekordsest voorust selgus, et toote tegemiseks saavad raha sõidukite analüüsitööriist Wise Velocity, tark elektritootmise abimees Smart Electricity Load ja vaegnägijate nutiseadmete kasutamist hõlbustav BlindSense.
28.11.2014, Marge TubalkainPM
Electricity price EUR 12.06 higher in Estonia than Finland during Estlink 2 reconstruction
During the Oct. 12-20 period when reconstruction works of the Estonia-Finland undersea power cable Estlink 2 took place electricity was on average 12.06 euros more expensive in Nord Pool Spot (NPS) bidding area Estonia than in bidding area Finland.
Energy security ensured by oil shale power
Thanks to prudent policy and investment abilities of Eesti Energia, Estonia is producing twice the amount of energy it consumes. Oil shale is among the environmentally dirtiest fuels and burning it is becoming ever more expensive due to EU CO2 policy.
20.10.2014, Andres ReimerPM
Estlink 2 to be out of operation Oct 12-21 due to maintenance works
The Estonia-Finland undersea power cable Estlink 2 will be out of operation between Oct. 12 and 21 because the cable's joint closures that recently brought down the cable twice during a period of one month due to their insufficient moistureproofness are to be made moistureproof by constructor Nexans Norway.
Estonian MP: Main reason behind change of Eesti Energia CEO is Enefit280
According to Lembit Kaljuvee, chairman of the mining enterprises support group in the Estonian parliament and a member of the board of Eesti Polevkivi, the most important issue concerning the change of the Eesti Energia CEO is the Enefit280 shale oil refinery which the state-run energy group has failed to activate.
Hando Sutter elected as Eesti Energia CEO
Last night, Eesti Energia council with Erkki Raasuke at helm elected current Nord Pool Spot Baltic and Russia region head Hando Sutter as new CEO to step into office this December. The contract goes for three years expiring on November 30th 2017.
03.10.2014, Kadri HansaluPM
The United States and Estonia - NATO Allies and Global Partners
President Obama met with Estonian President Toomas Hendrik Ilves and Estonian Prime Minister Tavi Roivas in Tallinn, Estonia on September 3. The visit reinforced the close ties between the United States and Estonia, which are rooted in our shared values, ideals, and interests.
04.09.2014, The White House, Office of the Press SecretaryPM
In July industrial production increased
According to Statistics Estonia, in July 2014, the production of industrial enterprises rose 2% compared to July of the previous year. The production increased in manufacturing and energy, while in mining the production decreased.
Electricity production increased last year
According to Statistics Estonia, in 2013 the production of electricity totalled 13 TWh which is nearly 11% more than previous year. The electricity production from renewable sources decreased more than 10% compared 2012.
The consumer price index was mainly influenced by electricity and heat energy
According to Statistics Estonia, the change of the consumer price index in April 2014 was 0.0% compared to March 2014 and 0.2% compared to April of the previous year.
Editorial: the yearly portion of weeks without power
In thousands of Estonian farms, power is still out four days after the storm hit. Wires and posts lay scattered on the ground, right where they fell. Farmers are hauling the mess aside, chopping at the trees cradled by lines. Eesti Energia, whose task this would be, is not too much help.
Four days after storm, wires still on roads
The longest wait for power to return befalls Järva and Harju Counties – seven days, minimum; Rapla County’s lucky with only six.
17.12.2013, Andrus KarnauPM
State neglect: price comparison portal not provided
Electricity exchange raised prices by half, in a year; small electricity providers still can’t issue joint invoices with network companies; and the state lacks an independent price comparison portal.
22.11.2013, Andrus KarnauPM
Eesti Energia offers higher price
Futures prices, at exchange, would dictate that next year’s electricity be cheaper than that of today. Even so, in its fixed-price offers, Eesti Energia asks for bigger money that a year before.
22.11.2013, Andrus KarnauPM
Editorial: force majeure of a rotten post
As compared to the storm of 2005, electricity supply is said to be better now. Even so, two weeks ago rage of nature robbed power from 160,000 households, forcing Eesti Energia into more than a week of repair work and the endeavours continue for days to come. Thus: there’s room for improvement.
Eesti Energia still busy fixing storm damage
Last week, Eesti Energia’s subsidiary Elektrilevi restored electricity to all households; even so, repairs of lines destroyed by storm continue to the end of this week.
13.11.2013, Andrus KarnauPM
Cost of universal electricity service rises 8 pct in August
Universal service was more expensive than the most popular electricity packages in Estonia in August and compared to the previous month the average cost of the service was 8 percent higher, the independent energy market website energiaturg.ee said.
Parts: Rearranging transmission capacities will not limit electricity traffic
According to Estonian Minister of Economic Affairs and Communications Juhan Parts the planned transmission limits don't mean that any technical restrictions would be implemented on the border between Estonia and Latvia but the question is rather about using market organization to divide capacities.
Latvia: Estonian electricity traffic limits would be at variance with EU principles
According to Latvia the accusation of Estonian Minister for Economic Affairs and Communications Juhan Parts against Latvia and Lithuania concerning price fluctuations is groundless, and the electricity traffic limits on the border between Estonia and Latvia would be at variance with the principles of the European Union.
Estonian distribution grid operator signs EUR 3.2 mln maintenance contracts
The Estonian distribution grid operator Elektrilevi of the state-owned Eesti Energia group has concluded two-year contracts worth a total of 3.2 million euros with 10 partner companies for the maintenance of protection zones alongside the route of overhead power lines.
Fortum was top recipient of renewable energy support in June
Companies of the Finnish Fortum group in Estonia received the biggest amount of renewable energy support here in June, or 691,025 euros out of the total 2.64 million euros disbursed by the transmission system operator Elering during the month.
Editorial: on effectiveness of state dissatisfaction
The market heavyweight Eesti Energia has been scolded by Competition Authority: at the agency’s preliminary assessment, the energy giant’s general services margin is overly high. General services mean sales of electricity to those who have not entered into purchasing contracts. Compared with exchange package mark-up, the general services’ sum is three times worse – for the consumer.
Agency takes toothless decision
Estonian Competition Authority wants to force Eesti Energia into selling cheaper electricity.
17.07.2013, Andrus KarnauPM
Universal electricity service margin at record level in June
Universal service in Estonia was more expensive than the most popular fixed-price packages in June and rose to the highest price level in the electricity market so far, a comparison by the independent website energiaturg.ee revealed.
Electricity flows from Estonia to Finland soar 130 pct in Q2
In the second quarter of this year 182 gigawatt-hours of electric energy moved from Estonia to Finland via the undersea cable Estlink, 130 percent more than during the same period of the previous year.
Ministry minded to restrict electricity market
Entrepreneur suggests Finnish-linked price ceiling for electricity exchange, ministry of economy cautious.
03.07.2013, Andrus KarnauPM
Latvia and Lithuania to blame for extreme electricity price
Counting from start of year, those opting for Exchange Package are still ahead.
26.06.2013, Enn TossoPM
Share of contract-based electricity purchases climbs to 88% in April
The share of electricity bought under open market contracts grew to 88 percent of all electricity purchased in April, and the share of consumption points using the general service fell to 12 percent of the total electricity amount.
Power exchange system price up in april, Baltic prices down on Latvian hydro energy
The price of electricity on the Nord Pool Spot (NPS) Nordic power exchange continued to climb in the first half of April, and despite the warmer weather arriving in the second half, the final system price for the month grew by 2.4 percent to 45.91 euros per megawatt-hour.
Estonia's Eesti Energia sees quarterly profit shrink 56 pct on year
Estonia's state-owned energy group Eesti Energia earned a net profit of 24.7 million euros in the first quarter which represents a drop of 56 percent compared to the year-earlier 57 million euros.
Eesti Energia's electricity market share 71 pct in Q1
The state-owned energy group Eesti Energia held in the first quarter an average 71 percent of the electricity market in Estonia, 13 percent in Latvia and 8 percent in Lithuania.
Elering’s first quarter revenue increased by 8 million
Elering’s first quarter revenue increased by 8 million reaching 42.5 million euros. “In the winter months, financial results are positively affected by both the increased electricity consumption and winter tariff structure,” said Peep Soone, Financial Manager of Elering.
Electricity was cheaper at market price in April - Estonian website
The most popular electricity package tied to the market price was 6 percent more advantageous in April than the most popular fixed-price package, the independent energy website energiaturg.ee reports.
Low market price of electricity due to Latvian hydro energy - analyst
Market prices of electricity in Estonia and Latvia are currently lower than in Finland and the overall price in the Nordic energy exchange system Nord Pool Spot (NPS) because of high hydro energy production in Latvia, an analyst said.
Electricity export nearly doubles in march
The total exports of Estonia’s electricity trade came to 579 gigawatt-hours this March, which is approximately twice as high as the same period of last year.
Universal service electricity purchases fall to 13 percent of total consumption in march
Customers using a universal service purchased 13 percent of all the electricity consumed in March, a drop of three percentage points compared to February. At the same time, the amounts of electricity purchased by customers holding a contract rose to 87 percent of total consumption, Elering reported.
Cold weather drives up electricity market price in march
The system price on the Nordic power exchange Nord Pool Spot (NPS) increased by 13 percent in March compared to February, to 44.83 euros per megawatt-hour. The rise was mostly caused by colder weather and increased consumption, Elering reported.
Universal service electricity accounted for 13 pct of consumption in March
Customers using the universal service bought 13 percent of the total amount of electric energy bought in Estonia during March, three percentage points less than in February.
Electricity output grows 11% in February
This February, electricity production in Estonia reached 1060 gigawatt-hours, which is 11 percent higher than the same time last year. The main reason for the increase in electricity production was the growing share of exports in the electricity trade, as well as the low price of CO2 emission quotas, Elering reported.
In February, 84% of electricity consumed purchased via open market contracts
In February, 84% of all electricity consumption was purchased via open market contracts, which has grown by one per cent compared to January. The universal service was used at 202,009 metering points in February, which was 16% of the total consumption, Elering reported.
Unusually warm february lowers electricity market price
This February’s unseasonably warm weather caused electricity consumption in the Nordics and Baltics to fall up to 15 percent year-on-year. The lower demand forced the price of electricity on the Nordic power exchange to fall by an average of four percent compared to January, Elering reported.
Avg market price of electricity drops nearly 5 pct in February
The average price of electricity in the Estonian price area of the Nordic energy exchange Nord Pool Spot (NPS) fell in February almost 5 percent from January to 39.82 euros per megawatt-hour.
Elering: efficient use of electricity infrastructure to enable bigger imports of electricity from Northern Europe
The Estonian, Latvian and Lithuanian electricity transmission system operators have agreed on unified use of the Baltic electricity infrastructure, the top priority of which being the interests of consumers, reported Elering.
Electricity generation grows by nearly a quarter in January
Estonia’s power stations produced 1168 gigawatt-hours of electricity this January, which is 24 percent higher than the same time last year, reported Elering.
In January 83% of total electricity consumed purchased via open market contracts
Customers who have signed an open market electricity contract consumed 83% and customers who use the universal service to buy electricity consumed 17% of the total electricity consumed in January. The universal service was used at 236,000 metering points in January, Elering reported.
Avg electricity price in Estonia drops 4 pct in January
The average price of electricity in bidding area Estonia of the Nordic energy exchange Nord Pool Spot (NPS) dropped in January 4 percent from December to 41.77 euros per megawatt-hour.
Electricity Consumption Grew Four Percent Last Year
Last year’s electricity consumption, including network losses, came to 8.1 terawatt-hours, which is four percent higher than in 2011.
January electricity bill 44 per cent bigger
An electrically heated apartment’s electricity bill for January shows a monthly increase in payment of 44.3 per cent.
Latvia keen to reserve one Estonia-Latvia high-voltage line for Russian electricity
Simultaneously with the opening of the Nord Pool Spot (NPS) price area Latvia the Latvian transmission system operator wants to put a part of the transmission capacity between Estonia and Latvia that now is available for trading at the disposal of the bidding area to be set up between Latvia and Russia, the Estonian transmission system operator says.
Inter Rao planning to sell electricity to Estonian private customers in future
Inter Rao Eesti OU, a holding of the Lithuanian company Inter Rao Lietuva, intends to start selling electricity to corporate customers in Estonia in the eraly part of this year and is eyeing the residential customer market in the longer term.
New Electricity Generation Record Set Again on last Wednesday
On last Wednesday afternoon, between 4.10 pm and 4.15 pm, Estonian power plants produced a combined total of 2052 megawatts of electricity, which is the highest output figure in recent years, reported Elering.
Renewable Energy Grows to Nearly 15% of Total Consumption Last Year
Renewable energy accounted for 14.9 percent of total electricity consumption in Estonia last year, two percentage points higher than 2011, reported Elering.