PRESS RELEASE: Cost-Benefit Analysis
The primary goal of the Paldiski project is to strengthen Estonia''s energy security by ensuring stable and affordable electricity
Most Estonians have electricity plans linked to the current spot price, enabling them to respond to hourly price fluctuations and manage their consumption more efficiently. Estonia is an active participant in the European Union's electricity market. This integration is pivotal for the country's energy policy and market dynamics.
Estonia's all-time peak consumption is 1591 MW (in 2021). In 2021 the electricity generated from renewable energy sources was 29.3 %, being 38% of the share of renewable energy in gross final energy consumption.
In Estonia's electricity market, Eesti Energia is the largest seller with a 60% market share and owns the largest distribution network, representing 86% of the distribution market. The Estonian Competition Authority (ECA) regulates transmission and distribution rates, as well as connection charges. Electricity in 2020:
Estonia aims to limit the share of oil shale in its energy mix and targets a share of at least 65% of renewables in total final consumption in 2030. Eesti Energia dominates the power sector with 85% of generation, over 95% of distribution, and around 50% of total sales.
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