Regular households in Finland and Sweden can set their annual electricity bills at levels 30-40 percent lower than those charged to comparable households in Estonia. The main factors behind lower electricity prices in the Scandinavian nations are the large reliance on hydroelectric and nuclear power. Estonia has no mountainous terrain,Continue Reading
Finland’s electricity pricing system led to consumers paying more than they should have during the second half of 2022, according to an Aalto University professor. The energy crisis cost Finnish households an additional five billion euros, according to a study by Yle’s investigative journalism unit MOT. Between July and DecemberContinue Reading
Natural gas supplies do not constitute a weak point for Lithuania but the country’s dependence on Russian electricity is a major problem, which is why it is necessary to synchronize the country’s electricity grids with those of the West as soon as possible, Lithuania’s European Commissioner Virginijus Sinkevicius has said.Continue Reading
The average electricity price in Estonia on Friday will be €81.45 per Megawatt Hour (MWh), a rise of 29 percent, between Thursday and Friday. The average price of electricity per MWh on Thursday was €63.01 on the Nord Pool exchange. The cheapest rates are to be had between 2 a.m.Continue Reading
Due to the climb of energy resource prices there are plans to increase tariffs on services provided by Rīgas ūdens, according to the company’s announcement posted on its website. The company Rīgas ūdens has submitted to the Public Utilities Commission (SPRK) its estimates, which provide for an increase of theContinue Reading
The price of electricity will rise by more than €100 in the Nord Pool Estonia price area on Monday. On Sunday the price was €145.82 per megawatt-hour and it will be €248.71 on Monday. It will be highest between 9 a.m and 11 a.m. and 6 p.m. and 7 p.m. whenContinue Reading
More than half of Finland’s residents are worried about the impact higher energy prices will have on their housing costs, says Nordea Bank. According to the results of a survey commissioned by Nordea, 58 percent of respondents voiced concerns about energy prices. One in four said rising energy prices areContinue Reading
Director General of the Competition Authority Märt Ots said that European Union directives allow regulated energy prices for home and small consumers. This would make it possible to sell electricity at cost price in Estonia. “It is definitely possible in Estonia, provided there is political will,” Ots said at aContinue Reading
The organization Energi Norge believes that the state should repay a significant part of its profit on the high electricity prices back to consumers. According to the organization, the state is expected to earn around NOK 11 billion more than normal from the extraordinarily high electricity prices this year inContinue Reading
More than half of the electricity produced in Finland last year came from renewable energy sources, according to preliminary figures released by Statistics Finland on Tuesday. This marks the first time the share of renewable sources has risen above 50 percent, the number-crunching agency noted. “Electricity produced with renewable energyContinue Reading