We know Estonia
5.11.2021 | Estonia

Estonian Government to Invest 88.25 million Euros to Reduce Energy Bills

Text Mark Taylor
Photo Rachel Woock / Unsplash

Estonian Government to Invest 88.25 million Euros to Reduce Energy Bills

 

The Estonian government announced on Thursday (4.11.21) that they are going to invest 88.25 million euros to combat rising energy prices. The money will be used to reduce network charges by half for all private and businesses users in Estonia.

Consumers do not need to do anything to receive these discounts. This is because the reduced network fees will be automatically calculated and deducted from energy bills. These reductions will likely appear in energy bills from December and last until at least March – with a possible extension until May.

In addition, these discounts will also act retroactively back to September. Meaning that half of network charges from September, October and November, will also be deducted from December invoices.

This measure is a welcome relief to individuals and businesses who have seen energy costs approximately double during 2021. The latest subsidy comes just one week after the government announced that it would allocate 37 million euros to support poorer households to pay their energy bills.

 

To learn more about this and similar topics
Energy Energy Bills Energy Costs Energy Costs Estonia Estonia Government Help Government Investment Reduced Energy Bills

13.11.2024 | Estonia

The big events in Estonia between now and the New Year

The big events in Estonia between now and the New Year

01–17.11 From Forest to Table – Southern Estonian Flavours From Viljandimaa to Võrumaa restaurants all across Southern Estonia will … Read more

12.11.2024 | Estonia

Estonian tourism saw modest growth in September

Estonian tourism saw modest growth in September

In September 2024, Estonia’s accommodation establishments served 278,000 tourists—a modest 1 per cent increase from the same period last … Read more

7.11.2024 | Estonia

Neste Expands EV Charging Network with New Pääsküla Station

Neste Expands EV Charging Network with New Pääsküla Station

Neste has opened a new fast-charging station for electric vehicles in Pääsküla, on the outskirts of Tallinn. This facility … Read more

6.11.2024 | Estonia

Rail Baltic: A new era connecting Estonia and Latvia to Europe

Rail Baltic: A new era connecting Estonia and Latvia to Europe

In early November, Estonian Prime Minister Kristen Michal met his Latvian counterpart Evika Siliņa to discuss the countries’ common … Read more

3.11.2024 | Estonia

Estonian shops suffering due to continued decline in sales

Estonian shops suffering due to continued decline in sales

According to data released by Statistics Estonia, retail trade turnover in Estonia fell to 839 million euros in September … Read more

31.10.2024 | Estonia

Tartu residents are keen users of rental bikes

Tartu residents are keen users of rental bikes

Estonians are known as passionate cyclists, and the statistics show they are some of the most passionate users in … Read more

31.10.2024 | Estonia

Export aid to be introduced for Estonian companies

Export aid to be introduced for Estonian companies

A meeting of the Estonian government has approved a proposal by Minister of Economy and Industry Erkki Keldo to … Read more

27.10.2024 | Estonia

Manufacturers in Estonia seeing lower prices: Maybe consumers are next?

Manufacturers in Estonia seeing lower prices: Maybe consumers are next?

The Producer Price Index, which expresses changes in the price of goods manufactured in Estonia for the domestic market … Read more