European Union regulations do not permit favoring firms from one member state over another, in terms of access to a Floating Storage Regasification Unit (FRSU) due to arrive off the coast of Finland, to supply both that country and Estonia with their Liquefied Natural Gas (LNG) needs over the winter, a former, long-serving head of the Competition Authority (Konkurentsiamet) says.
The Nord Pool electricity market rules need a thorough overhaul because the current day-ahead trading system is not fit for purpose, said Märt Ots, advisor to IT and foreign trade minister Kristjan Järvan (Isamaa) and former head of the Competition Authority (Konkurentsiamet).
Switching to regulated electricity prices in Estonia, while it would require major upheaval and restructuring, is in principle viable, the head of the national regulatory authority says. This would at least make prices stable, he added, though it may not head off the current high price levels overall.