eleringist

Elering’s activities are governed by the Electricity Market Act and the Natural Gas Act. Elering was founded on 27 January 2010 when ownership was separated from Eesti Energia AS. Elering became the owner of the gas transmission system in 2015. All Elering’s shares are owned by the Republic of Estonia, whose shareholder rights are exercised by the Ministry of Climate. To ensure the continuity of security of supply as a vital service, Elering maintains and develops the domestic transmission system and international connections for both electricity and gas. Elering manages the Estonian electricity and gas system in real time. The power system must ensure a balance between generation and consumption, and the gas system must ensure that there is a sufficient amount of gas to supply to consumers.

elektrisüsteem

Estonian electricity system

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History

27 January 2010

Elering OÜ separates from Eesti Energia, and the ownership of Elering transfers to the Ministry of Economic Affairs and Communications.

28 January 2010

The Riigikogu adopts amendments to the Electricity Market Act that provide for the separation of the transmission system operator from an electricity group.

15 February 2010

Elering and Fingrid sign a framework agreement in Tallinn for the construction of the EstLink 2 direct current connection.

1 April 2010

Nord Pool Spot opens the NPS EstLink price area in Estonia; the Estonian electricity market opens by 35%.

8 April 2011

Elering OÜ is reorganised into a public limited company (based on the resolution of the sole shareholder of 25 February 2011).

1 July 2011

Elering carries out a successful bond emission with a volume of 225 million euros.

1 August 2012

Elering acquires a two percent stake in the Nordic power exchange Nord Pool Spot.

25 August 2012

Elering opens a data warehouse that aggregates electricity consumption data, which plays an important role in the full opening of the electricity market.

1 January 2013

The Estonian electricity market is fully opened to all electricity consumers.

26 November 2013

Elering accepts the first emergency reserve power plant with a capacity of 110 MW from the builder.

6 December 2013

The EstLink 2 trial period begins. The connection is available to the electricity market for the first time.

30 December 2013

Elering and Fingrid become the owners of EstLink 1.

6 January 2014

The Estonian Competition Authority, in cooperation with the European Commission, certifies Elering’s compliance with the requirements arising from European Union regulations and grants the company the right to operate as an electricity transmission system operator who is a transmission system operator in Estonia.

7 February 2014

Elering and Fingrid officially accept EstLink 2 from the builders.

21 June 2014

Elering accepts second first emergency reserve power plant in Kiisa with a capacity of 140 MW from the builder.

26 September 2014

Elering becomes a member of the AIB (Association of Issuing Bodies), which soon gives Estonian electricity producers the opportunity to start trading internationally with guarantees of origin for electricity.

3 October 2014

The new Tartu-Viljandi-Sindi 330/110 high-voltage line is completed.

10 November 2014

Elering enters into a contract to purchase 51.38 per cent of the shares of Võrguteenus Valdus with the aim of becoming the owner of the Estonian gas transmission system.

November 2014

Estonian and Finnish electricity exchange prices match 100 per cent of the hours for the first time in November.

2 January 2015

Elering completes the transaction to acquire a majority stake in the gas transmission system.

13 April 2015  

The business name of the gas system operator becomes Elering Gaas AS.

30 September 2015 

The first 110 kV electricity submarine cable was launched between the mainland and Muhu Island.

14 June 2017 

Elering completed the Estonian electricity system node station in Ida-Viru County, costing 16.3 million.

5 July 2017 

Gas exchange commenced operations in Estonia.

21 August 2017 

Elering entered into a contract to establish the third power connection between Estonia and Latvia.

8 June 2018 

The cornerstone of the Estonian-Finnish gas connection Balticconnector was laid in Finland.

24 September 2018 

The Baltic States submitted an application to connect to the Continental European power system.

8 October 2018 

Elering launched the construction of the third Estonian-Latvian power connection.

30 September 2019 

The first submarine cable in the Väike Strait was completed.

2 October 2019 

Elering won the international marketing competition CHARGE AWARDS 2019 in the category of best transmission system brand.

29 November 2019 

The completion of Balticconnector established the first Estonian-Finnish gas connection.

17 September 2020 

Elering completed Estonia’s first design mast for a high-voltage line, Soorebane.

30 September 2020 

The second 110 kV submarine cable in the Suur Strait was completed.

16 December 2020 

Elering entered into a contract for the construction of three synchronous compensators.

21 December 2020 

The third Estonian-Latvian power connection was completed.

11 November 2021 

Lithuania’s connection completes the establishment of a single gas market along the Baltic Sea.

28 June 2022 

Elering and Fingrid launch joint activities to establish EstLink 3.

1 March 2023 

The renovation of the Baltic-Tartu line was completed as part of the major synchronisation project.

12 May 2023 

The important Püssi synchronous compensator is ready for synchronisation.

9 June 2023 

The renovation of the Tartu-Valmiera line was completed as part of the major synchronisation project.

1 July 2023 

Kalle Kilk takes over as the head of Elering after the resignation of Taavi Veskimägi.

8 October 2023 

Balticconnector was out of service due to an accident in the Gulf of Finland.

10 January 2024 

Elering completed its second synchronous compensator station.

26 January 2024 

Due to a malfunction on the Estonian coast, EstLink 2 stopped working.

15 February 2024 

The Estonian Government launched the planning process for the fourth Estonian-Latvian connection.

19 April 2024 

Repairs of the Balticconnector, which stopped operating in October 2023, was completed. 

4 June 2024 

The third synchronous compensator was completed as part of the major synchronisation project.

4 September 2024 

Following the repairs, the EstLink 2 power connection resumed operation.

10 September 2024 

The Small Strait dam was finally cleared of high-voltage lines.

20 September 2024 

The second submarine cable in the Väike Strait was completed.

10 October 2024 

Baltic TSOs joined the pan-European energy market platform MARI.

16 October 2024 

Elering completed the Mustvee distribution point important for synchronisation.

5 November 2024 

Renovation work on the Viru-Tsirguliina line was completed as part of the major synchronisation project.

25 December 2024 

Due to an accident in the Gulf of Finland, the EstLink 2 power connection was interrupted.

9 February 2025 

The Estonian, Latvian and Lithuanian power systems were successfully synchronised with Continental Europe.

Activity licence

The Competition Authority issued an activity licence to Elering to provide network services through the electricity transmission system on 24 January 2014 and an activity licence for the gas transmission system on 23 December 2016.

Articles of association
Legislation

Elering bases its principal activities on the following legislation:

Code of Ethics
  1. The Employee, through their attitudes and actions, treats the surrounding environment and the property entrusted to them with respect, economy and prudence.
  2. The employee’s ethical behaviour creates trust in their work activities. Ethics, for the purposes of this Code of Ethics, is primarily expressed through honesty, competence, independence, objectivity, respect, discretion, balance, sense of duty, and the expression of these values in relation to everything around us.
  3. The Employee constantly updates and improves the knowledge that is to be applied in their work activities.
  4. In their work activities, the employee is guided by laws, internal company documents, orders from the management board and the immediate superior, and other work orders and good practices.
  5. The Employee is unbiased and objective in their work activities, considering the circumstances comprehensively, applying the law, best practice and their own competence.
  6. The Employee refrains from behaviour that is detrimental to work activities and the company’s reputation. The employee is aware that they are the “face” of the company even outside of working hours and takes this into account in their behaviour.
  7. The employee is always polite and respectful towards third parties and co-workers.
  8. The employee is committed to carrying out the company’s mission and upholding its values.
  9. The employee acts in their professional activities solely in the interests of the company, prioritising them over their own interests and the interests of third parties. The employee organises their activities in such a way that the potential risk of a conflict of interest is minimal.
  10. An official may not accept gifts or agree to benefits intended for them or their close relatives or people close to them, the acceptance of which may directly or indirectly affect the impartial performance of their work or service duties.
Structure

Structure - june 2025

Elering’s structure 

 

You can find Elering's contact details here

 

 

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Attachments:

Attachments

Owner’s expectations for Elering AS (in estonian)