Elering

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Elering
Type State-owned company
Industry Electricity
Founded November 1, 1998 (1998-11-01)
Founder(s) Eesti Energia
Headquarters Tallinn, Estonia
Area served Estonia
Key people Taavi Veskimägi (CEO)
Services Electric power transmission
Owner(s) Government of Estonia
Website www.elering.ee

Elering (former name: Põhivõrk) is an electric power transmission system operator in Estonia. Elering was established on 1 November 1998 under the name of Põhivõrk as an operating unit of the Estonian national power company Eesti Energia. On 1 April 2004, it became a private limited company, OÜ Põhivõrk, as a subsidiary of Eesti Energia. On 10 June 2009, the company changed its name to Elering. To implement the EU 3rd energy package, the Government of Estonia decided on 28 August 2009 to go for an ownership unbundling and to buy out Elering from Eesti Energia.[1] The transaction was concluded on 28 January 2010.[2] On 25 February 2011, Elering was transformed to a public limited company, AS Elering.[3]

On 2 February 2010, Elering signed an agreement with Nord Pool Spot to create the Nord Pool Spot Estlink price area, starting from 1 April 2010.[2] Together with the transmission system operator of Finland, Fingrid, Elering is preparing the construction of the Estlink-2 cable between Estonia and Finland.[4]

Elering is the member of the European Network of Transmission System Operators for Electricity.[5] The managing director of Elering is Taavi Veskimägi.[6]

References[edit]

  1. ^ Tubalkain-Trell, Marge (2009-08-28). "Estonia to acquire power-grid operator from Eesti Energia". Baltic Business News. Retrieved 2010-02-06. 
  2. ^ a b Tere, Juhan (2010-02-02). "Estonian Elering officially have changed owners". The Baltic Course. Retrieved 2010-02-06. 
  3. ^ Tere, Juhan (2011-03-02). "Elering becomes a public limited company". The Baltic Course. Retrieved 2011-03-09. 
  4. ^ Tere, Juhan (2010-02-03). "Elering is considering a bonds issue to finance Estlink 2". The Baltic Course. Retrieved 2010-02-06. 
  5. ^ "ENTSO-E Member Companies". European Network of Transmission System Operators for Electricity. Retrieved 2010-02-06. 
  6. ^ Tubalkain-Trell, Marge (2009-09-04). "Taavi Veskimägi leaves party and politics". Baltic Business News. Retrieved 2010-02-06. 

External links[edit]