From 21 February, district heating prices will change in Paide
The Competition Authority approved the application of Enefit Green, renewable energy company that supplies heat to the city of Paide, to increase the maximum price of district heating. Consequently, from 21 February 2022, the price of district heating in Paide will increase by 8.6%.
Enefit Green produces heat for Paide from local biofuel and provides environmentally friendly energy at a very competitive price.
Innar Kaasik, Member of the Management Board of Enefit Green, notes that the company uses local wood chips made from forest and felling waste to keep homes warm in Paide. This has long helped to avoid price changes for district heating.
“The continuing rally in energy prices is increasing the demand for woodchips and raising their prices. The price of liquefied natural gas (LNG) that we use as fuel at Paide Power Plant is also on the rise. As a result, a new price for district heating will come into force in Paide, still being one of the cheapest in Estonia,” Kaasik explained.
Instead of the former EUR 57.64 per megawatt-hour, a new heat price limit of EUR 62.59 per megawatt-hour, plus VAT, will be applied in Paide from 21 February 2022.
Heat prices in Estonia are regulated by the District Heating Act, and the maximum price of heat sold to the Paide network area is formed on the basis of a cost-based formula. The maximum price formula is approved and the cost-orientation of the maximum heat price is checked by the Competition Authority.
Enefit Green is a renewable energy company that belongs to the corporate group of Eesti Energia, and its shares are listed on the NASDAQ Tallinn stock exchange. The company owns a total of 22 wind farms, 38 solar power plants, 4 CHP plants, a pellet plant and a hydroelectric power plant, all located in four markets – Estonia, Latvia, Lithuania and Poland.