Estonian president promulgates law on electricity as universal service

  • 2022-09-20
  • BNS/TBT Staff

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.