Live at 13:15: The Riigikogu Special Committee Discusses Developments in the Electricity Market
A Riigikogu special committee in Estonia is holding a public meeting to discuss recent developments in the electricity market and their implications for the state budget.
Today, a special session of the Riigikogu's budget control committee will take place at 13:15, focusing on recent developments in Estonia's electricity market. Policymakers will engage with experts to analyze how these developments have affected both household and business electricity costs, especially in light of the energy shock experienced earlier this year which has raised significant concerns regarding energy pricing and availability. The meeting will be broadcast live on the ERR portal.
Key figures invited to the session include Kristi Klaas, Deputy Secretary General for Green Reform at the Ministry of Climate, as well as senior officials from Eesti Energia, Tallinn University of Technology, and the Estonian Academy of Sciences. The discussion will revolve around critical questions related to why expected energy capacities did not enter the market and the setbacks faced in rolling out renewable energy resources. These topics are particularly relevant as they impact the financial planning of the state budget, which continues to grapple with rising energy costs.
Chairman of the special committee, Urmas Reinsalu of the Isamaa party, has indicated that the impetus for this discussion stems from the price surge in the early part of the year, which has affected consumers and businesses alike. The committee aims to delve into the underlying issues causing these disruptions and seek solutions that could stabilize the market and support future energy independence for Estonia.