The electricity exchange has lost its meaning in a situation where production cannot cover demand, and Estonia should pull out of the Nord Pool system, invest in managed capacity and the distribution grid," Alar Konist, professor of energy technologies at TalTech, said on the Vikerhommik radio show.
While the principles agreed by the new coalition to mitigate the effects of the energy crisis will help to alleviate its symptoms, the electricity market needs deeper reform, says Arvi Hamburg, chairman of the Energy Council of the Estonian Academy of Sciences. The entire Baltic and Nordic region requires a comprehensive and consistent energy development strategy.
The increase in energy prices will end once Russia's war in Ukraine does, Tallinn University of Technology (TalTech) energy professor Alar Konist said.
Estonia should not give up its production capacities or simply cut off the connection to the Russian electricity system, Alar Konist, professor of energy technology at the Tallinn Technology University, said on Vikerraadio morning program on Friday.