Energy, Estonia
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Wednesday, 16.07.2025, 10:25
Elering: Estonia will maintain power surplus for next 10 years
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Estonia will have 2,042 megawatts of net available production this winter, more than enough to meet demand, even if average weekly temperatures are below minus 17 degrees Celsius (1 Fahrenheit) during the country's October-March cold season, writes LETA/Bloomberg.
"Estonian peakload demand could reach 1,640 megawatts, or even more than 1,700 megawatts during an especially cold winter," the company said in a report on its website.
Peakload demand in the next ten years is set to grow by 1.8% annually to as much as 2,000 megawatts by 2022, leaving a surplus margin in supplies of 250 megawatts or more, it said.
As LETA reported, Elering earned 3.1 million euros of net profit in the third quarter of this year versus a loss of 2.4 million euros at the same time last year.
Elering posted third-quarter operating income of 20.9 million euros, operating profit of 4.4 million euros, and net profit of 3.1 million euros.
Elering's operating income was 17.2 milion euros, operating profit 242,000 euros and net loss 2.4 million euros at the same time last year.
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