Grid distributor Elektrilevi, the monopoly company taking most of the hike, said that compared to the current deal, the electricity price has risen by 27%.
“Elektrilevi is one of the biggest consumers of electricity in Estonia,” the company said, referring to its obtaining electricity from generators such as Eesti Energia and delivering it to end users.
“We consume about 300 GWh of electricity per year, all of this is necessary to operate the electricity grid.
From July 14, the price of connections based on amps should also increase to €198 per amp (against €156 per amp, the price fixed for seven years).
The shaky security picture is driving much of the increase, said Mihkel Härm, chairman of the board of Elektrilevi.
We will do everything in our power to ensure that the variable amp fee also remains stable in the years to come,” he added.
The 3% increase will impact customers’ monthly bills based on usage of the five plans offered by Elektrilevi.
Tõnu Roosve, Elektrilevi Network Services Development Manager, said the average household customer consumes 250 KWh of electricity per month, which would equate to a €0.45 increase in monthly bills.
A customer with the Võrk2 plan would pay €14.89 per month from October, compared to €14.45 currently.
Elektrilevi had to seek permission for the price increase from the Competition Authority (Konkurentsiamet), which was duly approved.
Elektrilevi has more than 533,000 customers in Estonia, making it by far the largest distribution company and a monopoly, since the takeover last year for 28.9 million euros of Imatra Elekter, the subsidiary Estonian from a Finnish company.
Elering, a network distributor that does not connect directly to the home but whose actions still impact end users, had its request for a transmission rate increase approved last December.
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