TALLINN - Estonian President Alar Karis on Monday promulgated a law amending the Electricity Market Act and Competition Act and enabling to introduce an option for households to buy electricity as a universal service at a price determined by the Competition Authority on the basis of production costs.
The law imposes an obligation on the state-owned energy company Eesti Energia to sell electricity also as a universal service to Estonian household consumers and all electricity resellers.
In addition, 63 electricity sellers in Estonia also have the option of selling electricity as a universal service when the law steps into effect.
The law does not provide for the price of the universal service, but sets out the principles for determining the price.
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