Energy, Estonia

“Actually we promised to open 35% of the market already from 2009. We reached opening the electricity market on April 1 but even now the market is not opened in that amount,” said Veskimägi.

In the first two months, the volumes of energy traded at the bourse formed around 20% of all consumed electric energy. Veskimägi said that here contractual clients have to be added and thus around 30% of the market is opened for competition.

“Here politicians have to look more widely at how to guarantee the open market volume,” said Veskimägi.

One possibility is to lower the level starting from which companies have to buy electricity from the open market. Currently companies that consume more than 2 GW off electricity a year have to do it.

Hando Sutter from Nord Pool Spot (NPS) said at a press conference on Wednesday that the electricity bourse’s launch has been a success. Since the legislator decided upon the opening at the last minute, there was too little time for preparations, but the important thing is that there hasn’t been any negative feedback, he said though.