Elering is an electric power transmission system operator

Transmission system operator

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 in Estonia

Estonia

Estonia , officially the Republic of Estonia , is a state in the Baltic region of Northern Europe. It is bordered to the north by the Gulf of Finland, to the west by the Baltic Sea, to the south by Latvia , and to the east by Lake Peipsi and the Russian Federation . Across the Baltic Sea lies...

. Elering was established on 1 November 1998 under the name of Põhivõrk as an operating unit of the Estonian national power company Eesti Energia

Eesti Energia

Eesti Energia AS is a state-owned energy company in Estonia with its headquarters in Tallinn. The company operates in Estonia, Latvia, Lithuania, Finland and Jordan. In Estonia the company operates under the name Eesti Energia, while using the brand name Enefit for international operations...

. On 1 April 2004, it became a private limited company, OÜ Põhivõrk, as a subsidiary of Eesti Energia. On 10 June 2009, the company changed its name to Elering. To implement the EU 3rd energy package, the Government of Estonia decided on 28 August 2009 to go for an ownership unbundling and to buy-out Elering from Eesti Energia. The transaction was concluded on 28 January 2010. On 25 February 2011, Elering was transformed to public limited company

Public company

This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...

, AS Elering.

On 2 February 2010, Elering signed an agreement with Nord Pool Spot

Nord Pool Spot

Nord Pool Spot runs the largest market for electrical energy in the world, measured in volume traded and in market share. It operates in Norway, Denmark, Sweden, Finland, and Estonia. More than 70% of the total consumption of electrical energy in the Nordic market is traded through Nord Pool...

 to create the Nord Pool Spot Estlink

Estlink

Estlink is a set of HVDC submarine cables between Estonia and Finland. Estlink 1 is the first interconnection between the Baltic and Nordic electricity markets following by Estlink 2 in 2014...

 price area, starting from 1 April 2010. Together with the transmission system operator of Finland

Finland

Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...

, Fingrid

Fingrid

Fingrid Oyj is a Finnish national electricity transmission grid operator. It is owned by the Finnish state , power companies Fortum and Pohjolan Voima and financial investors . CEO of the company is Jukka Ruusunen....

, Elering is preparing the construction of the Estlink-2

Estlink

Estlink is a set of HVDC submarine cables between Estonia and Finland. Estlink 1 is the first interconnection between the Baltic and Nordic electricity markets following by Estlink 2 in 2014...

 cable between Estonia and Finland.

Elering is the member of the European Network of Transmission System Operators for Electricity

European Network of Transmission System Operators for Electricity

The European Network of Transmission System Operators for Electricity is an association of Europe's transmission system operators for electricity...

. The managing director of Elering is Taavi Veskimägi

Taavi Veskimägi

Taavi Veskimägi is a former Estonian politician and the managing director of the Estonian electric power transmission system operator Elering....

.