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Investment Budget

Elering’s work to keep the electricity system functioning and the investments needed to ensure security of supply are demanded directly by the Electricity Market Act, the Grid Code, the national development plan for the energy industry and the government approved development plan for the electricity industry. Elering plans its work based on the general public interest in ensuring the technical operation of the electricity system, the security of supply and the requirements of a functioning electricity market.

Elering's Investment Goals:

  • Investments supporting security of supply;
  • Investments supporting the development of the electricity market (interconnections);
  • Ensuring sufficient capacity to allow for new connections and load growth;
  • Stopping the aging of the system;
  • Improving reliability (voltage quality and outages);
  • Increasing company efficiency, reducing losses;
  • New client acquisition (consumers, producers).

The creation of the investment budget is a justified selection of investment objects, based on necessity, economic viability, and compliance with the Electricity Market Act and other legislation.

Defining priority investments involves the creation of technological and economic justifications, as well as a ranking table of substations and power lines that require renovation. Elering contributes significantly to the improvement of the security of supply and quality of electricity across Estonia.

The size of the investment budget for 2015-2019 approved by the Elering Supervisory Board is 354 million euros.

Total investment level
2000-2015

Distribution of Investments

2000
2015

848.40

milj. EUR

2000

16

2001

21

2002

16

2003

16

2004

40

2005

43

2006

37

2007

14

2008

39

2009

31

2010

27

2011

78

2012

74

2013

203

2014

100

2015

93

2000

16.3

2001

21

2002

16.2

2003

14.5

2004

38.3

2005

31

2006

27.9

2007

2008

32.3

2009

25

2010

24.9

2011

27.5

31.5

17.4

2012

37.6

24.3

2013

23

92.8

45

38.5

2014

27.2

17.9

52.5

2015

30.3

54.4