Estonian power prices surge as Estlink 2 transformer fails
Norway, Oslo: Power prices in Estonia surged on Monday due to an outage on the 650-megawatt Estlink 2 submarine power cable to Finland which sent the spread between Estonian and Finnish prices to almost 10 euros, reports Reuters.
Norway, Oslo: Power prices in Estonia surged on Monday due to an outage on the 650-megawatt Estlink 2 submarine power cable to Finland which sent the spread between Estonian and Finnish prices to almost 10 euros, reports Reuters.
The outage was caused by damage to a power transformer that converts alternating current to direct current to send power across the Gulf of Finland, said Elering, which co-owns Estlink 2 with Finnish grid operator Fingrid.
The outage occurred on Saturday, reducing total transmission capacity between Finland and Estonia to some 350 MW and is expected to last until 16 May, according to the Estonian power grid operator Elering.
Reduced transmission capacity means Estonia can import less power from the Nordics and has to rely on more expensive supply from domestic burning oil shale, a locally mined fossil fuel.
Finland and Estonia belong to a different synchronous power system but are members of the Nordic power market.
Source: Reuters
Image: Fingrid
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