The sharpest peak of the energy crisis may be over for this winter, but when preparing for the next heating season, China, which is gradually opening up its economy and therefore needs more natural gas, may start to influence energy prices significantly more than Russia.
Market prices of electricity that skyrocketed during the energy crisis have now started to fall. The price lists of electricity packages have also changed with the market’s slowdown. While the universal service was the cheapest option in the last months of last year, it is today the most expensive one. This creates confusion among consumers and makes them wonder how to be protected against market volatility.
Probably for the first time this winter, the incoming cold wave is welcomed with calm hearts: security of supply is guaranteed, energy prices remain stable and the threat of power cuts has passed.
Fixed-rate packages are an excellent choice for those consumers who are looking for stability in today’s ever-changing energy market and want to mitigate the risks of price increases. The “Fixed 6” package fixes the price of electricity at a favourable level for half a year – so the price for a kilowatt-hour of electricity will be the same for you for the next six months.
During the last weeks, the price of electricity has remained at a constant level and the price of natural gas has dropped significantly thanks to favourable weather conditions. However, according to experts, the price of gas will move up again as the year progresses, but how high and how quickly will depend on the pace at which reserves will be restored.
2023. The machine industry area of the Volta Quarter in North Tallinn is being reconstructed with completely new energy rating A buildings at the beginning of 2023. Along with the new development, Enefit Connect has established Tallinn’s first major operator-neutral telecommunications network for Volta providing 927 end users with a communication connection.
Although the European record for LNG imports remained in December, January did not bring a major decrease. Low prices can prevent LNG deliveries on the one hand and increase consumption on the other.
Many Estonian entrepreneurs are faced with the question of how to reduce increased electricity costs. One option is to start producing your own electricity using solar energy. You can sell the produced electricity to Enefit and earn income.
Although the current weather forecast for February is favourable for European electricity prices, gas reserves must continue to be used economically. The load of gas storage facilities is of decisive importance in terms of coping with the next winter.
Eesti Energia has lowered the price of its long-term fixed-price green electricity package. As a limited offer, it is possible to fix the price of electricity for seven years at 15.49 s/kWh, which is 20% cheaper than the universal service.
You are on Enefit’s energy wisdom page where we share up-to-date information about what’s going on in the energy world and help you make better decisions regarding energy. Your questions and topic suggestions are welcome by e-mail at blog@energia.ee
