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.
Doing laundry, cooking and storing food are everyday activities that have a big impact on the electricity bills we receive at the end of each month. When looking for ways to reduce expenses, it would be worthwhile to check your household appliances and their energy consumption. This is where energy labels come into play.
Warm and windy weather has led to lower electricity prices across Europe, but winter, not to mention the energy crisis, is far from over. February, which is statistically the coldest month, is yet to come, and a drop in gas prices could pose additional challenges.
While concluding an electricity contract is just a few clicks away, it may take longer to choose the package that suits your needs. Enefit has five electricity packages available, suitable for consumers seeking long-term security as well as for those willing to take risks.
New Year’s Eve brought a heat wave to Europe, making electricity prices lower than normally seen in recent months. The market price of natural gas also fell to the level it was last before the Russian invasion of Ukraine.
The warm and windy weather as well as lower energy consumption during the holidays made it possible for both Estonia and Europe in general to enjoy electricity prices with the minus sign at times and to fill gas reserves instead of emptying them.
Warmer weather, higher wind energy output and lower consumption made it possible to significantly lower the price of electricity last week compared to previous weeks. While the decision to invest in the Sopi-Tootsi Wind Farm added optimism for the coming years, the postponement of the start-up of nuclear reactor Olkiluoto 3 to March added clouds of worry to our region despite the quite successful coping with the energy crisis so far.
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
