The Estonian electricity market opened fully up for competition

Wednesday, 02 January 2013

The Estonian electricity market opened fully up for competition on Tuesday and private consumers can now choose who they buy electricity from besides corporate clients; the opening up of the electricity market also brings about an increase of electricity prices, Public Broadcasting reports.

At the moment, one can choose from offers of seven companies: Eesti Energia, Elektrum, 220 Energia, Imatra, VKG, Elektrimüügi AS and Eesti Gaas.

Despite new electricity sellers coming to the market, the majority of consumers have preferred the services of earlier electricity seller Eesti Energia.

As of December 30, the state-owned energy concern had concluded more than 386,000 electricity sales agreements.

It is forecast that the open electricity market increases electricity bills of home consumers by an average of 20 percent. Finance minister Jürgen Ligi has said that the effects of the electricity price increase on consumer price is 0.8 percent.

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