Electricity prices in Estonia are likely to remain high for months to come. Prices going up, however, haven't seen a reduction in electricity consumption.
Although the word ‘electricity’ is currently associated primarily with concerns about high prices, the fact that a stable and secure electric power supply is a national security issue essential for the functioning of the whole economy and society must not be overlooked. This is especially true for t
Chairman of the energy council of the Estonian Academy of Sciences, Engineer of the Year 2021 Arvi Hamburg says in an interview that Estonia and Europe have gotten ahead of themselves when it comes to the green turn and suggests it cannot be done without relying on nuclear power.
Isamaa Party's Riigikogu group initiated a bill at Tuesday's sitting, which would see VAT on gas, electricity and heat lowered from 20 percent to 9 in order to alleviate the soaring prices for Estonian consumers and companies.
The government is set to gain hundreds of millions in taxes from energy price advance, while benefits to offset the effects will likely be worth a few dozen million. People are sent queuing for benefits, while the state budget is looking at additional revenue. The best solution would be to lower the VAT rate, Isamaa MP and former foreign minister Urmas Reinsalu writes.