In October 2021, the producer price index of industrial output increased by 19 percent compared to October 2020, data from Statistics Estonia show. It decreased by 0.1 percent compared to September. The index shows the changes in the producer prices of industrial goods manufactured in Estonia for the domestic marketContinue Reading
Consumer prices rose by 3.2 percent year-on-year in October, Statistics Finland said on Monday. That was up from 2.5 percent in September. Inflation was driven by higher costs for energy and home repairs. The last time inflation in Finland was above three percent was in early 2012. Consumer prices wereContinue 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
The price of heat in the capital will jump by 65.5 percent from December after energy group Utilitas were allowed to raise Tallinn district heating network area prices. The current price is €50.14 per megawatt-hour and it will rise to €83 per megawatt-hour, meaning an increase of 65.5 percent. TheContinue Reading
Estonia will face critical electricity shortage soon if any concrete actions to improve the circumstances are not taken, writes Henri Ormus, a nuclear energy expert and a co-founder of Fermi Energia – a company that is proposing to build small nuclear energy plants in the country. First, most of theContinue Reading
Estonia and Latvia have shared renewables targets. Latvia and Estonia both want to achieve full energy independence from Russia, said Latvian President Egils Levits after the meeting with Estonian President Kersti Kaljulaid. In four years from now, in 2025, the Baltic power grids will be synchronized with Western Europe, heContinue Reading
The Finnish Climate Change Panel is calling for a 1.5-billion-euro green recovery package that it says would boost employment while cutting greenhouse gas emissions. The stimulus package would direct funding at projects such as constructing deep geothermal pump systems, overhauling building heating systems and advancing electric transport. The panel arguesContinue Reading