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X @Bloomberg
Bloomberg· 2025-10-02 06:50
SSE ramps up investment in its Scottish electricity network as Britain rushes to upgrade its grids https://t.co/DObK3h9U8N ...
Eesti Energia to consolidate electricity business under subsidiary Enefit
Globenewswire· 2025-10-01 06:00
Group 1 - The core strategy of Eesti Energia AS involves consolidating all electricity-related business activities into a single subsidiary, Enefit OÜ, starting from 2026, to enhance competitiveness and management efficiency [1][2] - The reorganization includes the merger of subsidiaries Enefit Green AS and Enefit AS into Enefit OÜ, with plans to extend this structure to Latvia, Lithuania, and Poland, creating a unified brand across these markets [3] - Following the consolidation, Enefit will serve over 560,000 retail customers and integrate 1,200 MW of renewable generation capacity, along with various energy assets [4] Group 2 - In the industrial sector, Enefit Solutions will merge with Enefit Industry, while Enefit Power will become a subsidiary of Enefit Industry, streamlining operations in thermal power and liquid fuel production [5] - The reorganization will not impact Elektrilevi, the independent distribution network operator, nor will it affect customers of Eesti Energia's subsidiaries [5] - All subsidiaries will remain 100% owned by Eesti Energia AS, ensuring full control over the consolidated operations [6]
X @Bloomberg
Bloomberg· 2025-09-29 22:10
Wholesale electricity costs as much as 267% more than it did five years ago in areas near data centers. That’s being passed on to customers. https://t.co/3Xcsk7iP2u ...
To fix broken electricity markets, stop promoting the wrong kind of competition
TechXplore· 2025-09-06 17:00
Core Viewpoint - The article argues that the current approach to promoting competition in electricity markets may be misguided, as it overlooks the complexities of market dynamics and the need for stable long-term contracts to foster genuine competition and investment [1][10][13]. Group 1: Competition Dynamics - Politicians often advocate for increased competition as a solution to rising electricity prices, but this may only provide temporary relief [2][4]. - Encouraging retail competition is prioritized, yet consumer inertia in switching retailers limits its effectiveness, which is seen as a barrier to competition [2][3]. - Standalone retailers face challenges in accessing generation from gentailers on fair terms, which hampers their ability to compete effectively [3][4]. Group 2: Gentailers vs. Standalone Retailers - Gentailers, which combine generation and retailing, have advantages that standalone retailers lack, particularly in managing investment risks and pricing [6][16]. - The separation of generation and retailing is argued to be detrimental to achieving lower prices and better investment in the electricity market [7][16]. - Standalone retailers struggle to secure long-term contracts with generators due to the risk of losing customers to cheaper competitors, leading to a lack of viable investment [9][12]. Group 3: Proposed Solutions - To enhance competition, the article suggests making it more difficult for customers to switch retailers during periods of falling wholesale prices, potentially through long-term retail contracts [10][14]. - New retailers should either be gentailers or have long-term supply contracts with generators to ensure stability and reduce the risk of hit-and-run competition [11][12]. - By addressing the uncertainty in long-term contracts, both generators and retailers can benefit, leading to more credible competition and ultimately benefiting consumers [13][14].
Eesti Energia Receives Extraordinary Dividend of USD 7 Million
Globenewswire· 2025-09-03 14:00
Group 1 - Eesti Energia AS received an additional dividend of USD 70 million from its minority stake in Attarat Power Company (APCO) following a successful court dispute resolution [1] - As a result of its 10% holding, Eesti Energia received an extraordinary dividend of USD 7 million on September 3, 2025, bringing the total dividends from the Jordan power project in 2025 to USD 8.5 million [2] - APCO holds a market share of approximately 15% of Jordan's total electricity market, ensuring energy supply and security in the region [2]