Tallinn water company makes too much profit

The Competition Authority said the capital’s water company, Tallinna Vesi, is already earning too much money and company’s decision to sue the authority for blocking price hikes is unjustified.

Tallinna Vesi has taken the authority to court, demanding 90 million euros for lost profits between 2011 and 2020, with that sum declining to 50 million if price hikes were to be allowed now, ETV reported on Monday.

Read more from ERR

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