Erkki Sapp News Today

Taavi Veskimägi, who has been the CEO of Elering for nearly 14 years, is resigning from his position as the chairman of the board a...

According to a report on the security of energy supplies in the Baltic and Nordic countries, the balance of electricity generation in the region is positive, and would remain so even in the event of a cold winter. However, as the difference between peak production and peak consumption levels is very small, there are still risks involved.

While Fingrid, the Finnish grid operator, has warned of the possibility of winter blackouts, Elering, the Estonian TSO, is certain that the new LNG terminal will guarantee adequate electrical generation in the region.

Due to sanctions, Russia has been unable to sell its electricity to the Baltic countries and Finland since mid-May. Currently Estonia, Latvia and Lithuania are only connected to Russia due to being in the same frequency band, which is managed centrally from Moscow. However, as the Baltic states have been trying to maintain a clean balance sheet with Russia since June, they are not required to pay Moscow for frequency management, or energy supplies.