According to the chairman of the OU Pohivork management board, Lembit Vali, the amendments to legislation are tied to the need to set forth the rights and obligations of eligible consumers operating on the free market. Rights and restrictions on the import of electricity from third countries are expected to be reviewed and updated.
The parties agreed that the primary task of the NPS Baltic project would be to create a separate price region in the southern part of the Estlink submarine cable between Estonia and Finland. This is expected to allow the Estlink cable to be used more efficiently in the future, with a greater market orientation.
According to the plan, part of the submarine cable’s capacity will be opened for Nord Pool auctions and the hourly price of electricity will be established at auction directly as a result of the trading done by all of the parties.
