0.6 C
Rīga
Saturday, December 7, 2024
No menu items!

Domestic electricity prices in Finland, Sweden up to 40% cheaper than in Estonia

Regular households in Finland and Sweden can set their annual electricity bills at levels 30-40 percent lower than those charged to comparable households in Estonia.

The main factors behind lower electricity prices in the Scandinavian nations are the large reliance on hydroelectric and nuclear power.

Estonia has no mountainous terrain, meaning hydroelectric power is largely out of the question (though a now-decommissioned hydroelectric power station was built in Jõesuu, east of Tallinn).

Estonia also has no nuclear power station; plans for building a small nuclear reactor are much discussed, but this would take around a decade to implement even once a decision is made.

Meanwhile, Estonia also lacks sufficient cable links with the Nordic countries for prices to equalize at all times.

More read: ERR.EE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RELATED ARTICLES

Most Popular

Recent Comments