The proposed universal electricity service, currently being processed at the Riigikogu, should see electricity prices below €200 per Megawatt-hour, or €0.20 per Kilowatt-hour, to domestic consumers from the autumn, pending Competition Authority approval and the relevant legislation passing at the Riigikogu, IT and Foreign Trade Minister Kristjan Järvan (Isamaa) says.
The price of Estonia's new universal electricity service will be announced after the law enters into force in October and is currently being calculated by the Competition Authority.
Partners of the coalition are soon to start discussing the proposals from the Ministry of Economy and Communications to support companies. Among these are the expansion of universal electricity service ,and new tax rates. Minister of IT and Foreign Trade Kristjan Järvan (Isamaa) told ERR, in an interview which follows, that if the proposed universal electricity service for domestic customers were to be extended to companies, it may prove more expensive for them than for households.
Estonia's aid to Ukraine in building up that country's e-governance and cyber-security capabilities works both ways, since Estonia can learn a lot from Ukraine's experience since the current conflict began, IT and Foreign Trade Minister Kristjan Järvan said, following the signing of a digital memorandum of cooperation between the two countries this week.
Two bills aimed at reforming the electricity market passed their first Riigikogu reading Wednesday evening in a special session convened for the purpose. The bills, should they enter law, have both the long-term goal of moving towards renewables electricity only, and aim to resolve the immediate issue of soaring electricity prices, by providing a universal, guaranteed service.