By Plenary Sessions: Mario Kadastik

Economic perspectives emphasize the need to guarantee investment certainty in the energy sector to attract heavy industry and data centers to Estonia, as these require a stable 24/7 baseload supply. The long-term energy plan is considered a prerequisite for economic growth, and the issue of developing local expertise for performing necessary repair work is also raised.

The economic perspective centers on the efficiency of energy generation and how market prices are determined. The speaker highlights the cost-effectiveness of low marginal cost energy sources (wind, solar), but admits that the overall picture requires factoring in the expenses associated with grid expansion, subsidies, and storage. He believes nuclear energy is likely one of the most advantageous methods.

Supports ensuring fair competition in the liquid fuels market and advocates for supporting the circular economy, for instance, by establishing a plastic recycling plant. It views renewable energy as a method that guarantees lower electricity prices, although it recognizes that recovering capital expenditure in a marginal cost market is challenging.