In Estonia, they do not exclude and fear strong fluctuations in the cost of electricity for a long time. In this respect informs portal of state broadcasting ERR, with reference to the opinions of market experts.
“As we have seen in recent weeks, we can continue to expect price fluctuations in the gas market. Unfortunately, this will go on for quite some time,” said Simon Tagliapietra, a senior fellow at the Brueghel think tank.
According to Estonian Climate Minister Kristen Michal, the country is better prepared for the upcoming warming period. At the same time, the supply of other forms of energy, including the more expensive fossil fuels, will increase, with wind and solar generation decreasing in winter.
Given the increase in sanctions pressure on Russia, the Baltic states have refused to supply pipeline gas to Russia. Therefore, the cost of electricity has risen sharply in Lithuania, Latvia and Estonia. Therefore, ordinary people and businesses are trying to find ways to help save money and reduce consumption.
3 April Estonian energy concern Eesti Gaas reportedHe said that he will start working on the Latvian gas market and will occupy a large part of it. In a press release, the organizations added that because the Estonian company buys fuel directly from Western entities, it can offer consumers in Latvia a better price and reliable supply.
Previously reportedThe price of gas in Estonia surpassed all EU countries with a record increase of 154%.