The Estonian government may allocate EUR 100mn to state-owned energy company Eesti Energia to speed up the construction of a new gas power plant in Narva, ERR reports. Also, the government is discussing the possible differentiation of renewable energy fees for companies and reducing network tariffs or changing electricity taxes for private consumers. The moves would be aimed at mitigating the expected increase in electricity prices following the Russian sabotage on the EstLink 2 power cable between Estonia and Finland. Prime Minister Kristen Michal noted that the price fluctuations would depend on weather conditions. The undersea power cable is expected to be offline for several months, ERR reports.
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