Eesti Energia: power tariffs to go up between 50 and 60% 26.09.2012, 12:31
Estonian power company Eesti Energia announced that the price of electricity will go up between 50 and 60% since January when the electricity market is fully liberalised.
Households will be one of the first to be hit hard by new tariffs.
Electricity makes up about one-third of the power bill, the other components being network fees and renewable energy fees.
The company said yesterday it will offer three different price packages: Fixed, Combined and Variable, plus the general service where households buy electricity without a contract.
The Fixed package means that the customer is guaranteed a fixed price of kWh during the contract term.
Combined package means that half of power is bought at fixed price and half at pool price.
Variable means that the customer will buy all his or her power for pool price plus the energy company’s margin that is changed twice a year.
There is also a fine for termination of contract is 20% of the agreed electricity purchase amount.