The board chair of state energy generator Eesti Energia is calling for a state emergency to be declared ahead of next winter due to the possible lack of natural gas supplies or their alternatives.
The price of electricity remains high throughout the day Monday, but dropped to nearly nothing overnight. Hando Sutter, CEO of Eesti Energia, said the substantial supply of renewable energy and the renovation of the Latvian interconnector was behind the temporary, low prices.
Even though Minister of Economic Affairs and Communications Taavi Aas said at the start of March that he is about to take to the government an extension of Eesti Energia's obligation to maintain 1,000 megawatts of power generation capacity in reserve, the company has not been ordered to do so by the Ministry of Finance.