The NPS Baltic project is progressing successfully towards the target to open a new Estlink price area via Nord Pool Spot’s Elspot market. However, amendments to the current Estonian legislation are required to fulfill this target.
Project Leader Pasi Kuokkanen believes that opening a new price area by July 2009 is realistic, but he is slightly concerned about the role of eligible customers under the regulated tariff in Estonia.
The Steering Committee of the project has consequently decided to prolong the project to support the ongoing development.
Due to the required amendments to the Estonian legislation, the price area Estlink will not be launched until July 1, 2009.
The final target of the NPS Baltic project is to create a trustworthy reference price for the Baltic electricity markets. The immediate target of the project is the planning and establishment of an Estlink price area. The participants involved are Nord Pool Spot AS, AS Latvenergo, Lietuvos Energija AB, OÜ Põhivõrk, Finestlink Oy, Eesti Energia AS, Fingrid Oyj, and Nordic Energy Link.
Lysaker, 27 August 2008
For further information please contact:
Karri Mäkelä, Chairman of the SC, NPS Baltic project, tel. +358 9 68404810
Pasi Kuokkanen, Project Leader, NPS Baltic project, tel. +358 45 1245000