Mission

All our energy for the good of the people!

Eesti Energia's integrated business makes us a competent and reliable partner in all issues concerning energy. The values we follow in our daily work are:

  • Useful to customers
    We can only enjoy success if we create customer value
  • Adding value
    Above all, we focus on the activities that create maximum value
  • Making it easy
    We take something complicated and make it easy and clear
  • Safety above all
    Our operation has always been associated with risks to the environment and personal health, so we always uphold occupational safety, health and the environment
  • It depends on me
    My energy, will and responsibility ensure our common goals are achieved

The value chain

We are responsible for using the natural resources entrusted to us and our technology and electricity network in the best possible manner. It is therefore important for us to continuously improve the environmental sustainability of our energy production operations. As experts in our field, we continue to seek new ways of offering better customer service and developing the energy field. We are enterprising. Our specialists are top experts in their fields. We unite the skills and knowledge of competent people, as real power lies in working together. We seal the resulting value using our energy signature.

Strategy

Eesti Energia's strategy is based on the efficient valorisation of oil shale, and alternative and renewable sources of energy. Our Enefit technology is the most efficient combined production technology for shale oil, gas and electricity, allowing us to extract almost 80% of the energy contained in oil shale. We have successfully increased the share of alternative sources of energy, such as oil shale gas and municipal waste, and also renewable sources of energy for electricity production.

Our goal is to increase the share of alternative and renewable sources of energy in electricity production to 40% by 2020.

Eesti Energia Strategic Action Plan 2016–2020

The Strategic Action Plan 2016–2020 was approved by the supervisory board of Eesti Energia in June 2016. According to the plan, Eesti Energia will increase the efficiency of its production technologies, enhance the value of end products, extend energy production at a competitive price and find new markets for the services and products supplied by the group.

The planned development activities are divided between five areas:

  • Increasing the efficiency and competitiveness of existing oil shale production assets
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  • Securing the future of oil shale based energy production
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  • Establishing new capacities for renewable energy
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  • Extending into the retail energy markets of the Baltic Sea region
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  • Developing Elektrilevi's open market services and extending their supply
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Owner's expectations

Our strategy is based on the expectations of Eesti Energia's owner – the Estonian government has a shareholding in Eesti Energia in order to:

  • maximally valorise Estonia's main natural resource, oil shale, and related know-how
  • increase the value of the business and ensure stable income from dividends
  • ensure the security of electricity supply in Estonia
  • engage the workforce in the region
  • reduce negative environmental impacts

History

The predecessor of the Eesti Energia group, the public limited company Elektrikeskus, was established on 8 May 1939 when the President of Estonia Konstantin Päts signed its foundation document. Although Elektrikeskus was only named Eesti Energia in 1945, its founding marks the beginning of the Eesti Energia group.

The role of Elektrikeskus was to implement the Estonian electrification plan and build the energy system. Many power lines were designed and built to connect consumers with power plants and preparations were made to start building new power plants. Since then, we have considerably extended our reach – a local Estonian electricity company that has grown into an international energy corporation supplying a wide range of products.