Renewable energy fee to fall 14 percent in 2018 ({{commentsTotal}})

An Eesti Energia-owned wind farm in Narva.
An Eesti Energia-owned wind farm in Narva. Source: (Peeter Langovits/Postimees/Scanpix)

Estonian transmission system operator Elering is to lower the renewable energy fee by 14 percent to 0.89 cents per kilowatt-hour next year, which should also mean cheaper electricity prices for customers.

"When we look at the 15-percent decline in the price of Elering's network service fee and now the renewable energy fee falling by 14 percent, it is important to notice that, contrary to the general notion that electricity services are constantly getting more expensive, electricity prices move both up and down," Elering CEO Taavi Veskiägi said in a press release.

The board of Elering approved next year's renewable energy fee, which will be 0.89 cents per kilowatt-hour, a 14-percent decrease from the current 1.04 cents per kilowatt-hour. Elering's network fee was also lowered by 7.6 percent on July 1.

The decline in the renewable energy fee will be reflected in consumers' energy bills, as it is consumers that finance renewable energy support by paying the renewable energy fee.

According to forecasts, €74.6 million is to be paid out in renewable energy support and €4.5 million in high-efficiency cogeneration support next year.

The share of renewable energy in total energy production in Estonia is estimated to total 17 percent, slightly exceeding the state's goal of 16.1 percent.

Editor: Aili Vahtla

Source: BNS



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