The government is finalizing a compensation package for rising district heating bills but it is not yet known if the limit will be 50 or 80%, Minister of Economic Affairs Taavi Aas (Center) has said. The state is already supporting electricity costs with compensation and a price cap, but now it wants to introduce similar…
The price of the Russian gas for Moldova will go down from $686.9 to $563 per 1,000 cubic meters in February, Executive Board Chairman of the gas distribution company Moldovagaz Vadim Cheban has reported via his Telegram channel. “According to preliminary calculations, the purchasing price of the natural gas for Moldovagaz will be $563 per…
Asian countries will experience the energy crisis that may arise in Europe as a result of possible Russia’s invasion of Ukraine. “When you have an energy crisis in Europe, that means we have an energy crisis in Asia simultaneously. Because if Europe feels the necessity to buy more gas, they go to Qatar and they…
The average price of Estonia’s electricity in the Nord Pool area on January 26 was EUR 165.10 per megawatt-hour – over EUR 100 more than on the same day a year ago. Electricity was the cheapest in the morning between 3 a.m. and 4 a.m. costing EUR 88.65 and the most expensive between 9 a.m.…
The current price of energy crisis has sent people looking for alternative sources of energy, with interest in solar panels also growing. Estonia will introduce an extra support measure for boosting the energy efficiency of buildings and solar panels in the coming months. Two solar panels measures are being drawn up – one for private…
Ukraine has secured the European Commission’s support for its efforts to synchronize its national power system with the European Union’s ENTSOE and is moving steadily toward completing the process in 2023. Minister of Energy of Ukraine, Herman Galushchenko, addressed the issue in Brussels, speaking with journalists following the talks with European partners. “Technical issues are…
JSC Latvenergo has signed two short-term loan provision contracts to secure current assets and maintain liquidity. The loan amounts reach EUR 90 million, as the company informed Nasdaq Riga. Latvenergo and OP Corporate Bank plc in Latvia have signed a short-term loan contract worth EUR 60 million and a loan contract with SEB Bank worth…