Small business to get an electric shock

Many Estonian small manufacturers were surprised to learn that they must pay over 50% more for electricity from April 1 when Estonia partly liberalises its electricity market. The new rule applies on consumers that are connected to the networks of so-called free market suppliers, writes Äripäev.

This has come as a major shock since until now only large electricity consumers were said to be subject to the new system where they must buy electricity from the open market.

However, since the consumption of large enterprises is not sufficient to ensure that Estonia liberalised at least 35% of its electricity market from April, as agreed when Estonia joined the EU, the Estonian parliament adopted a bill that extended the scope of the new system so that 299 connection points all over Estonia are required to buy electricity from the open market. This means that all sub-consumers connected to this network will see their electricity costs go up sharply.

Read more from BBN

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