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January and February brought unexpectedly high electricity bills to many households and businesses in Estonia. However, this was not simply the result of fluctuating exchange prices, but rather the combined effect of broader and deeper factors. Cold weather, a shortage of generation capacity in the region and a strong reliance on imported electricity created a situation in which prices rose rapidly – affecting most those whose homes are heated with electricity and who are on the exchange package.

Enefit, the electricity business of Eesti Energia, is expanding its energy storage portfolio by building three new battery storage systems next to its wind farms in Lithuania. The new systems will have a combined capacity of 46 megawatts (MW) and 184 megawatt-hours (MWh). Once completed, Enefit’s storage portfolio will grow from the current 29 MW to 75 MW, strengthening the company’s position in the Baltic energy storage market.

As February draws to a close, Estonia can finally begin to leave behind the long, cold and dark season. A more spring-like outlook is also starting to appear in the energy markets as March approaches. February itself, however, remained distinctly wintry in Estonia and was marked by exceptionally high electricity consumption.