Estonia needs to exit the electricity exchange

According to the energy technology professor, Estonia should focus on investing in controlled generation and distribution networks.A photo: Andras Kralla

In a situation where production does not cover consumption, the electricity exchange has lost its meaning, so Estonia should leave this system and focus on investing in controlled generation capacities and distribution networks, says Alar Konist, professor of energy technology at Tallinn University of Technology, reports.

“As long as there are no large generating capacities in the European Union capable of producing more electricity than we consume, there is no need for an exchange. Sweden and Norway have been limiting and restricting energy exports, in light of such news, we should consider leaving [с энергетической биржи]”, – says Konist.

According to him, regulated prices are the solution to the problem.

“It makes more sense because then we know that energy is available at any given time. And in the case of the exchange, there is no such possibility, which we are now observing,” the professor explained.

Konist said that even the current high electricity price generally does not motivate generators to invest, as adding more capacity will drive prices down.

Source: by

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