Eesti Energia to establish separate free market network services company

Energy Trade

On Jan. 1, 2021, a new service company Enefit Connect will start operating, as part of the Eesti Energia Group, to manage electricity networks and a major portion of the street lighting network in Estonia, build internet network, develop the charging network for electric cars and offer its clients new energy solutions based on contemporary technology, according to a report by Baltic-course. 

The current network company of the group, Elektrilevi, will in the future only offer the electricity distribution network service regulated by the state.

The aim of the change is to allow the provision of regulated distribution network services to focus on its strength, and for services based on free-market logic to bring new value based on modern technology to the customer, Eesti Energia said in a press release on Tuesday.

ADVERTISEMENT

Wizz Air issues EUR 500 mln bond Transport

Wizz Air issues EUR 500 mln bond

Domestic ownership in OTP Bank grows Banking

Domestic ownership in OTP Bank grows

Gov't to roll out PIT exemption for Hungarians under 25 Government

Gov't to roll out PIT exemption for Hungarians under 25

Tourism nights down 85% y.o.y. in November 2020 Tourism

Tourism nights down 85% y.o.y. in November 2020

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.