News

Compared to October, the price of electricity in Estonia decreased by 9.6% in November, remaining, on average, at 82.56 euros per megawatt-hour. Compared to November last year, electricity was 21.5% cheaper this year (105.2 euros per megawatt-hour in 2023). The decline in prices from last year was mainly due to above-average temperatures and increased renewable energy production in the area.

On 9 December, Enefit will open a customer service point in the Avala office building in Tallinn. A display area will be added in the new year. Contracts can be concluded on-site, and consultants will assist customers with any energy-related inquiries.

From 16.12.2024, we will update our principles of customer data processing, so as to be even more transparent in the processing of personal data.

The special audit initiated by the Minister of Finance identified shortcomings in the management of Eesti Energia AS during the years 2020 to 2023, leading to environmental violations, economic losses, and effects on the reliability of the distribution network.

In October, the price of electricity in Estonia remained at the same level as last year. Compared to September, the price of electricity in Estonia’s Nord Pool price zone rose by 8.9% in October, reaching 91.37 EUR/MWh. On the morning of 2 October, the electricity price in Estonia fluctuated at 500 EUR/MWh for several hours.

Enefit has installed its first electric vehicle chargers at Rimi grocery stores located in Järveküla in Harjumaa, Põltsamaa, and on Vilde tee in Tallinn. In the coming weeks, additional chargers will be installed at Rimi stores in Valga and Võru. Soon, electric vehicle charging will be available at 20 Rimi locations across Estonia.

Starting from November 16, the board of Enefit Power, a major industrial company within the Eesti Energia Group, will continue with a renewed composition. The goal of the board is to shape Enefit Power into a company with a clear future-oriented plan focused on core business, profitability, environmental sustainability, and competitiveness.

Eesti Energia Group's nine-month sales revenue amounted to 1.3 billion euros and normalised net profit to 191 million euros. In the third quarter, the group generated sales revenue of EUR 388 million and a normalised net loss of EUR 5.6 million. The results were impacted by the reduced competitiveness of the oil shale power plants, as well as planned maintenance of production units and seasonality in the energy business.

On 9 October, Eesti Energia started providing a manual Frequency Restoration Reserve to the MARI (Manually Activated Reserves Initiative) energy market platform. Through the system operator Elering, balancing bids will now be forwarded to the pan-European platform. This is a significant step that will help to ensure the functioning of the Baltic electricity system after BRELL has been disconnected from the electricity network.

While the beginning of autumn felt very much like summer, it is naive to expect this to last. Long-term meteorological forecasts suggest that in October, air temperatures will be up to 0.5°C above average, with precipitation levels up to 5% higher than the long-term norm. It is highly likely that autumn will start behaving more like itself. In the coming months, conditions in the wholesale electricity market will be strongly influenced by renewable generation as well as the global geopolitical situation.

Enefit and Kehtna rural municipality have signed a 10-year full-service agreement under which the entire existing street lighting network will be upgraded. A total of 1,160 new, modern LED luminaires will be installed across the municipality, operating on an energy-saving dimming schedule.

Compared to July, electricity prices in Estonia were up 9.1%, reaching 106.95 EUR/MWh. Compared to last August, prices are up 13.3%. August was mainly impacted by windy weather in neighboring countries, leading to lower electricity prices in the first 10 days.

Lauri Karp will assume the role of a member of the Management Board of Eesti Energia and the Chairman of the Management Board of Enefit Power, the energy group’s large-scale industrial enterprise, starting September 7th.

Enefit has opened a new customer service point at its office in Tartu, operational every Tuesday and Thursday. Consultants will be available to assist customers with all energy-related inquiries, and contract agreements can also be made on-site.

In the second quarter, the price of electricity in Estonia increased by 2% compared to the previous year. The price increase is greatly due to the interruption of the Estlink-2 electricity connection, which means that the Baltic States receive less of the cheaper electricity from the Nordic countries.

As a result of tests conducted last week, Elering confirmed that Auvere power plant meets the requirements of the European frequency management platform MARI (Manually Activated Reserves Initiative) as a provider of manual Frequency Restoration Reserve (mFRR).

The sales revenues of Eesti Energia Group amounted to EUR 415.1 million, -0.2% year-on-year, in Q2 2024. Reported group EBITDA was EUR 153.5 million (+42.5% year-on-year), while adjusted EBITDA* was at EUR 158.9 million (+37.4%). The Group's reported net profit was at EUR 103.1 million (+141.6% year-on-year), adjusted net profit at EUR 108.5 million (+114.5%).

Eesti Energia’s CFO, Marlen Tamm, explained that the group’s sales revenue remained at the same level as the previous year, and the results were influenced by a significant increase in renewable energy production and, on the other hand, a decrease in electricity production from oil shale. ‘Eesti Energia's focus on low-carbon power generation will enable us to offer more competitively priced electricity to the electricity market and at the same time improve the group’s financial performance,’ said Tamm.

Enefit has opened 46 public charging stations for electric vehicles in the city of Zabrze and surrounding areas in Poland. This represents the largest single deployment of a charging network by Enefit Volt in Poland so far. Located at approximately 24 different sites in and near Zabrze, Enefit Volt chargers offer charging opportunities for a total of 92 electric cars.

In Tallinn, the Ülemiste Centre's indoor car park has started operating with seven 50 kW and one 22 kW electric car chargers from Enefit Volt, as well as one 22 kW and one 50 kW charger in the outdoor car park, with future power increasing to 120 kW. Now, 20 electric cars can be charged simultaneously at the Ülemiste Centre.

The Energy Discovery Centre, housed in what used to be Tallinn’s first power plant, celebrated its 10th anniversary last month. On the occasion of the anniversary, Enefit installed nearly 69 kW of solar panels on the Energy Discovery Centre’s roof, enabling the centre to produce its own electricity on-site and significantly reduce annual electricity costs.

Eesti Energia raised 400 million euros of green hybrid bonds, listed on the London Stock Exchange to support its business and strengthen its financial position. The funds raised will be invested in ongoing and planned projects supporting the development of green energy.

Andres Vainola, a member of the Management Board of Eesti Energia, is resigning from his position in agreement with the Chairman of the Management Board, Andrus Durejko, and the Supervisory Board of the energy group as of July 5th. Additionally, Vainola will resign as the Chairman of the Management Board of Enefit Power in agreement with the Supervisory Board of Enefit Power as of September 6th.

At the beginning of June, the Enefit Smart Club event took place. It was intended for our scholarship recipients and graduates, focusing on acknowledging their self-development efforts. We encourage the pursuit of new knowledge and wish to show appreciation to the ambitious individuals currently engaged in formal education.

The combination of increased wind energy production, rainy weather and low consumption is expected to bring very low electricity prices over the weekend, after a long time.

Enefit, the customer services company of Eesti Energia, is selling its Finnish customer portfolio to one of the largest energy companies in Finland, Oomi, to place greater focus on customers in the Baltics and Poland.

The international energy company Enefit has partnered with Solaride, becoming a member of the non-profit organisation that develops solar cars. This collaboration aims to build a winning car for the World Solar Challenge in Australia, advance innovation in the energy sector, and make engineering studies more appealing to young people.

Increasing solar energy generation in the Baltics and low demand during the summer season drives the electricity price down.

Last year, Eesti Energia invested €12.8 million in R&D, with a focus on artificial intelligence solutions for customer services, and the development of the chemical industry.

Last year, Eesti Energia invested €12.8 million in R&D, with a focus on artificial intelligence solutions for customer services, and the development of the chemical industry.

Enefit and Nordic Solar, a Danish developer of solar power plants, signed an agreement to sell the production of the 100 MW Moletai solar power plant to the market.

In mid-March, Enefit announced the launch of a new electricity package, Seasonal Secure, which benefits from low summer prices on the stock exchange and provides price stability in winter.

Marlen Tamm, the CFO of Eesti Energia, explained that although the group’s sales revenue and profit decreased compared to last year, it was a good quarter in terms of operating cash flow.

Enefit opened 22 public electric vehicle charging stations in the city of Bielsko-Biala and its surrounding areas in Poland. Located at 19 sites, the chargers use 100% green energy and...

Enefit is building a new-generation fibre-optic cable network which today brings high-speed Internet and TV service readiness to nearly 80,000 households.

On Monday, 1 April, Enefit Power will decommission the unprofitable cogeneration unit of the Balti Power Plant for at least a year, the production of thermal energy will continue in the reserve boiler house.

Enefit concluded a three-party contract with the Better Energy solar park and Toms chocolate factory in Poland to deliver green energy from the solar park directly to the production plant.

Raido Ivalo will assume the position of a member of the Management Board and Head of Business Technology and IT of Eesti Energia from April 1.

AS Eesti Energia (Enefit) took the next significant step by starting the final design phase of the multi-feed Naphtha refinery located in Auvere, with an annual capacity of 168,000 tonnes.

Enefit will start offering a new electricity package in April, which will benefit the customers both by providing affordable power...

Due to a technical error, nearly a third of Enefit’s electricity sales customers received an inaccurate electricity invoice for February, with an error in the monthly fee...

Starting this year, Enefit has expanded its business to government (B2G) activities, states Roul Tutt, a Member of the Management Board of Enefit, responsible for the company's sales strategy.

Eesti Energia’s normalised EBITDA (earnings before interest, taxes, depreciation and amortisation) was €483 million in 2023.

As of April, all responsibilities related to the large-scale power industry, including the operation and development of controlled electricity generation...

Eesti Energia will build the company's first large-scale storage device at the Auvere industrial complex later this year to balance the fluctuations in electricity prices caused by the growth in renewable energy production...

It is estimated that electricity contracts will expire in more than 50,000 Estonian households in the next three months. Consumers who do not want to risk fluctuations in the exchange price should fix their...

Eesti Energia launched an international competition among data scientists at the beginning of winter to find a more accurate solution for forecasting the consumption and production of micro-producers.

From the new year, all Eesti Energia energy products and services are provided by its subsidiary Enefit, which now displays the prices of electricity packages in more detail.

Eesti Energia's 600 million euro Sustainability-linked Syndicated Facility issued in February was named the most sustainable loan of the year in the region's largest and most prestigious investment-themed conference.

Betolar will start a side stream study commissioned by Eesti Energia to explore the use of ash from oil shale combustion as a binding agent in concrete.

Enefit has signed a contract with Lithuanian leading retailer Norfa to install 250 public charging stations.

Today, Enefit Green opened a solar power plant on the industrial site of the Estonia mine in Ida-Viru County. The company invested nearly €2.7 million in the construction of the solar park.

Enefit Volt, the largest electric car charging network in Estonia, will be building 32 new public electric car charging stations in the coming year in cooperation with the well-known retail chain Rimi.

Eesti Energia has launched an international competition for data scientists to create a more accurate prediction model for the consumption and production of small producers.

Enefit Volt, Estonia’s largest electric car charging service provider and TKM Kinnisvara AS have started cooperating on the installation of 31 new public electric chargers in 11 parking lots of Selver.

As of January 2024, all activities and expertise related to customer service and energy services will be transferred to a subsidiary, which will bear the Group’s international name Enefit.

Eesti Energia and the Tallinn University of Technology launched an innovative model of cooperation, signing industrial doctorate contracts with doctoral students who will...

The sales revenue of Eesti Energia Group in the third quarter amounted to 408 million euros, of which 66% was generated outside Estonia.

The September survey by EMOR reveals that Estonians support the wider uptake of wind energy, including the establishment of offshore wind farms near residential areas.

Elektrilevi is restructuring the organisation to better meet customer expectations and the needs arising from the green transition and climate change.