Väljaminev kiri

Hello Karolis,

As the electricity sales market is free in Estonia, there are no licences for traders, etc. All that is required is a notification through the Register of Economic Activities (MTR - https://mtr.ttja.ee/ ).

For traders the only requirement is related to the share capital of the company. As set by Electricity Market Act § 15(3) the share capital of a producer or seller is at least 31950 euros.

Electricity sold only on the electricity Exchange Nordpool (i.e. not sold to customers in Estonia), then also no notification is required.

Extract from the Electricity Market Act:

§ 22¹ Obligation to notify

(1) In order to operate as a seller of electricity, an undertaking must present a notice of economic activities to the Register of Economic Activities in accordance with the rules provided by the General Part of the Economic Activities Code Act.

(2) The obligation to notify does not apply in the following situations:

1) when selling electricity in accordance with clause 1 or 2 of subsection 6 of § 15 of this Act;

2) when selling electricity generated by the producer;

3) when selling electricity on the power exchange;

4) when selling electricity in accordance with subsection 3 of § 16 of this Act;

5) when selling electricity, provided the distribution network operator only provides, to the market participant, the service of open supply in accordance with subsection 41 of § 44, or the universal service in accordance with § 76¹ of this Act;

6) when selling electricity, provided the electricity has been conveyed to the consumer via a direct line and generated by generating installations which have a total net capacity of less than 1 MW.

From my side, I suggest that you tell your client that they could make a notification of a sale, and then basically all the opportunities are there to do business in Estonia.

Good morning,

Hope you are doing well.

Tried to reach you by phone, but unsuccessfully.

My name is Karolis Bagdonas, Senior Key Account Manager at GET Baltic. Our client, who is trading not only in gas products, is looking for new business opportunities in power products and would like to clarify if there is requirement to have a trader license, registered at NRA, if you want to trade for example, at Nordpool, at Estonian market area.

On your website, I found only this information: There is no notification obligation in the following cases

• * selling electricity on the electricity exchange (what about purchases on the electricity exchange?)

(https://www.konkurentsiamet.ee/en/electricity-gas-district-heating-and-water/electricity/activity-licenses)

Thank you for your help.

Best,

Karolis

Karolis Bagdonas
Senior Key Account Manager

P: +370 620 86995
[email protected]

UAB GET Baltic
Gelezinio Vilko St. 18A | 08104 Vilnius | Lithuania
www.getbaltic.com

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