Elering Q2 Financial Results
In the 2nd quarter of this year, Elering had an operating income of 23 million euros, an operating profit of 4.2 million euros, and a net profit of 3.1 million euros. According to Peep Soone, Elering...
Electricity Production Up Nine Percent, Consumption Up Two Percent in June
June’s electricity production grew by 9 percent and consumption by 2 percent, year on year. Domestic production reached 817 gigawatt-hours in June, while consumption reached 544 gigawatt-hours. The...
In June, the price on the power exchange and the price in the Baltic States differed greatly
In June, the Nord Pool Spot price (NPS, the Nordic power exchange) fell by nine per cent and reached 33.46 euros per MWh. In addition to the typical summer decrease in electricity consumption, the...
Places of consumption with electricity sales contracts reached 74% in June
By the end of June, electricity sales contracts had been concluded for 74% of the places of electricity consumption, and the universal service was used in 26%. In the last month, the share of places...
Elering signs a 10 million euro loan to keep financing construction of EstLink 2
On Monday Elering signed a 20-year maturity loan agreement of 10 million euros with the Nordic Investment Bank within the programme for financing EstLink 2, the second power connection between Estonia...
Security of Supply for Consumers is Ensured by Combination of Production and Interconnections
According to the security of supply report that was published this week, the completion of new external interconnections will ensure the security of electricity supply in the Baltic states even if the...