A simple model for companies is to fix the price of electricity at half the volume, says Jaanus Uiga, Deputy Chancellor of Energy and Mineral Resources of the Ministry of Climate, in the program “Energiatund”. According to the big consumer, it is worthwhile for them to fix the price “brick by block” in advance.
“However, if we had been so smart and had known the war in Ukraine and the energy crisis in advance, we would have fixed the price 100%,” says Siiri Lahe, a board member of Estonian Cell, a production company that has repeatedly stopped production due to the high electricity exchange price.
“I believe that no energy consumer has fixed 100% prices 10 years in advance. Our fixing interval is five years in advance and in small blocks,” explains Lahe and says that over the years, the company has purchased 40-50% of its electricity consumption at a fixed price.
Neither Siiri Lahe nor Jaanus Uiga directly state at what price level it is worth fixing, and they suggest that large consumers can negotiate special prices from electricity sellers.
“We traditionally receive 5-6 offers,” notes Lahe, commenting on the electricity sales offers, and reveals how big the price differences between the electricity sellers’ offers were last time.
In the program, we also ask how high the electricity exchange price threatens to rise in the coming winter season, what is the state’s plan to regulate the price of electricity and security of supply, and how the high price of electricity affects companies. The show is hosted by Lauri Leet.
Overview from decision makers: when is it worth fixing the electricity price?
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Source: www.aripaev.ee
