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Competition Authority approved new water prices to be applied by Tallinna Vesi
Globenewswire· 2025-03-25 12:00
Core Viewpoint - The Competition Authority has approved a new pricing structure for water services in Tallinn and Saue, with prices set at €2.10 per cubic metre for private customers and €3.33 for business customers, effective from May 1, 2025, to ensure sustainability and compliance with legal requirements [1][2][3]. Pricing Changes - The average price for water services will increase by approximately 8%, with private customers experiencing a price hike and business customers seeing a decrease [3]. - The average household's water bill is expected to rise by around €2 per month, with the new pricing structure still keeping costs lower than in neighboring capitals [1][4]. Investment and Infrastructure - The price adjustment is partly driven by the need for investments to maintain service quality and infrastructure sustainability, with over €109 million invested in assets over the last three years [6]. - The company plans to produce around 7,000 MWh of electricity at the wastewater treatment plant this year, which will help reduce daily electricity costs [5]. Regulatory Compliance - The price harmonization is mandated by the Public Water Supply and Sewerage Act, which requires pricing principles for different customer groups to be aligned by July 2026 [2][5]. - The pricing for wastewater services will not be harmonized during the transition period, with future pricing based on the pollutant load discharged by customers [7]. Service Area Specifics - In the Maardu service area, water service prices will change by approximately 4%, reflecting the different business model and infrastructure ownership [8]. - AS Tallinna Vesi serves over 25,000 private customers and businesses, reaching a total of 500,000 end consumers in Tallinn and surrounding municipalities [9].