Elering AS (former name: OÜ Põhivõrk) is a national

transmission system operator File:Electricity grid simple- North America.svg, 380px, Simplified diagram of AC electricity grid from generation stations to consumers rect 2 243 235 438 Power station rect 276 317 412 556 Transformer rect 412 121 781 400 Electric power transmis ...

for

electricity Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described ...

and

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

with headquarters in

Tallinn Tallinn () is the most populous and capital city of Estonia. Situated on a bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, Tallinn has a population of 437,811 (as of 2022) and administratively lies in the Harju ' ...

Estonia Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, a ...

. The managing director of Elering is

Taavi Veskimägi Taavi Veskimägi (born 20 November 1974) is a former Estonian state official and politician and the managing director of the Estonian electric power transmission system operator Elering. He is a former Minister of Finance (2003–2005) and one ...

History

Elering was established on 1 November 1998 under the name of Põhivõrk as an operating unit of the Estonian national power company

Eesti Energia Eesti Energia AS is a public limited energy company in Estonia with its headquarters in Tallinn. It is the world's biggest oil shale to energy company. The company was founded in 1939. As of 2014, it operates in Estonia, Latvia, Lithuania, Fi ...

. On 1 April 2004, it became a

private limited company A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the '' LLC'' in the United Sta ...

, 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 European Union's Third Energy Package is a legislative package for an internal gas and electricity market in the European Union. Its purpose is to further open up the gas and electricity markets in the European Union. The package was proposed ...

, the

Government of Estonia The Government of the Republic of Estonia (''Estonian language, Estonian: Vabariigi Valitsus'') is the cabinet (government), cabinet of Estonia. Under the Constitution of Estonia, Constitution, it exercises executive power pursuant to the Constit ...

decided on 28 August 2009 to go for an ownership unbundling and to buy out Elering from Eesti Energia. The transaction was concluded on 28 January 2010. On 2 February 2010, Elering signed an agreement with

Nord Pool Spot Nord Pool AS is a pan-European power exchange. Nord Pool has a main office in Oslo and further offices in Stockholm, Helsinki, Tallinn, Berlin and London. The company is owned by the European exchange operator Euronext as well as TSO Holding, ...

to create the Nord Pool Spot

Estlink Estlink is a set of HVDC submarine power cables between Estonia and Finland. Estlink 1 is the first interconnection between the Baltic and Nordic electricity markets followed by Estlink 2 in 2014. The main purpose of the Estlink connection is to ...

price area, starting from 1 April 2010. On 25 February 2011, Elering was transformed to a

public limited company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company ...

, AS Elering. In November 2014, Elering entered the natural gas transmission market by acquiring a majority stake in the holding company AS Võrguteenus Valdus, an owner of EG Võrguteenus (later renamed: Elering Gaas). EG Võrguteenus was established in 2005 as a subsidiary of

Eesti Gaas Eesti Gaas AS, branded internationally as Elenger, is an energy company with headquarters in Tallinn, Estonia. The company's main activity is selling and distributing of natural gas in Estonian, Latvian, Finnish, and Lithuanian markets. Eesti ...

. Originally it operated both—a transmission network and a distribution network—but in 2013 the distribution network was separated from the company. In November 2013, to implement the EU 3rd energy package EG Võrguteenus was separated from Eesti Gaas. In June 2015, Elering acquired the stake which was owned by

Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the larges ...

, and in September 2015, Elering acquired the stake which was owned by Itera Latvija in AS Võrguteenus Valdus shares. In December 2015, after acquiring shares owned by minority shareholders of AS Võrguteenus Valdus Elering decided to merge Elering Gas and Võrguteenus Valdus into Elering. On 24 May 2019, Elering along with Latvian and Lithuanian transmission system operators Augstsprieguma tīkls and

Litgrid Litgrid AB is a Lithuanian electricity transmission system operator that operates Lithuania's electricity transmission grid. Litgrid is responsible for the integration of the Lithuanian electricity system into the European electricity infrastruct ...

signed an agreement to join the synchronous electricity grid of Continental Europe. In 2020, the company will pay dividends of 25.6 million euros.

Electricity market

Elering is an operator of the Estonian electricity transmission grid, which is synchronized with BRELL, a part of the unified electricity system of Russia. Together with Latvian and Lithuanian transmission system operators Augstsprieguma tīkls and

, Elering is planning to move the Baltic electricity grid from BRELL to the synchronous electricity grid of Continental Europe by 2025. Together with the transmission system operator of

Finland Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...

Fingrid Fingrid Oyj is a Finnish national electricity transmission grid operator. It is owned by the Finnish state (53.1 %) and various financial and insurance institutions (46.9 %). In 2011, power companies Fortum Power and Heat Oy and Pohjolan Voima sol ...

, Elering is preparing the construction of the Estlink-2 cable between Estonia and Finland. Elering also operates interconnections between Estonia and Latvia, between Estonia and Russia, and

interconnections between Estonia and Finland. Elering is a member of the

European Network of Transmission System Operators for Electricity ENTSO-E, the European Network of Transmission System Operators, represents 39 electricity transmission system operators (TSOs) from 35 countries across Europe, thus extending beyond EU borders. ENTSO-E was established and given legal mandates by ...

Natural gas market

Elering is the natural gas transmission system operator of Estonia. Together with Finnish state-owned company Baltic Connector OY, Elering is developing the undersea gas pipeline

Balticconnector Balticconnector is a bi-directional natural gas pipeline between Ingå, Finland and Paldiski, Estonia. It connects Estonian and Finnish gas grids. The pipeline provides Finland with access to the Latvian natural gas storage facility at Inčukal ...

between Estonia and Finland.

References

External links

* {{European Network of Transmission System Operators for Electricity Natural gas companies of Estonia Electric power transmission system operators in Estonia Natural gas pipeline companies Estonian companies established in 1998 Energy companies established in 1998 Government-owned companies of Estonia

History

Electricity market

Natural gas market

See also

References

External links