Minister of Finance Annika Saarikko has announced a series of temporary measures aimed at easing the impact of higher energy costs. The Finnish government has outlined a series of temporary measures in response to rising energy prices. Minister of Finance Annika Saarikko (Cen) told a press conference that the mostContinue 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
Finns Party chair Riikka Purra says rising prices are significantly weakening the purchasing power of low and middle-income earners. The opposition Finns Party has announced it will file an interpellation, the first move towards a vote of no confidence in the government of Prime Minister Sanna Marin (SDP), over theContinue Reading
The consumer price index rose by 11.3 percent on year to January 2022, state agency Statistics Estonia reports. The month-on-month change between December 2021 and January 2022 stood at -0.1 percent, the agency adds. Statistics Estonia leading analyst Viktoria Trasanov said that government measures curbing energy prices, and an overallContinue Reading
Estonia and Latvia could build a joint wind farm in the Baltic Sea, Estonian Prime Minister Kaja Kallas says, adding that such a project would increase the Baltic states’ energy security. “We spoke about the need to develop a joint wind farm with Latvia in the Baltic Sea as thatContinue Reading
The Lithuanian government will propose to temporarily apply a zero VAT rate to district heating for households as heating bills have soared to record highs this season, Finance Minister Gintare Skaiste said on Tuesday. The measure would cost the state budget around 23 million euros. “The current reduced 9 percentContinue Reading
As of Wednesday morning, the price per liter of 95 gasoline in major fueling stations rose to €1.599, which is an all-time record. Fueling chains say there are many reasons for the price inflation. Neste marketing and communication manager Risto Sülluste told ERR that the main reasons for the increaseContinue Reading
State-owned energy firm Eesti Energia has signed a long-term purchase agreement with clean energy generator Octopus Renewables, acquiring with it a major wind farm in Finland, over a five-year term starting this year. Margus Vals, Eesti Energia board member, said that: “This is another landmark deal which brings more green energyContinue 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