Imatra Elekter Aktsiaselts

What Imatra Elekter Aktsiaselts does

Imatra Elekter Aktsiaselts is an Estonian regulated electricity distribution and sales company headquartered at Tööstuse 2, Haapsalu. It is a wholly-owned subsidiary of Eesti Energia Group, operating under Elektrilevi — Estonia's largest distribution network — since 23 July 2021. The company holds a legally designated monopoly for electricity distribution in the Läänemaa, Põhja-Pärnumaa, and Viimsi municipality service territory, serving more than 25,600 private and business customers via 3,091 km of 0.4 kV–35 kV power lines and 1,322 substations.

The company's core offering is regulated network service (Võrguteenus): transmission of electricity to consumption sites and from generators into the grid, billed through tiered tariff packages (Partner 24, Partner 12/12, Partner 24 Pluss, Partner 12/12 Pluss, and Partner 63 Pluss for >63A connections) plus medium-voltage kW-based pricing for 6–35 kV customers. Imatra also acts as the universal service supplier (Üldteenus) for small consumers who have not chosen an open-market seller, procuring electricity from Nord Pool Spot and adding a regulated margin (1.035 c/kWh as of June 2026). Underlying technology includes remote-readable smart meters with hourly or 15-minute interval data, a HAN customer interface, bidirectional metering for prosumers, and a net metering product (Netomõõteandmed) launching August 2026. Storage users are billed on net quantities via Saldeerimine. Additional regulated services include one-time network connection fees (Liitumistasu), technical conditions issuance, project coordination, and metering operations.

The business model is a mix of recurring regulated network fees (subscription-style per main fuse / per kW), usage-based electricity margin under universal service, one-time connection fees, and small transactional fees for administrative services (e.g., €35 technical conditions, €50 project coordination, €69 meter operations). Pricing is set by the Estonian Competition Authority, with a 5.7% average network tariff increase effective 1 February 2025 and new pass-through charges (security of supply 0.758 c/kWh, balancing capacity 0.373 c/kWh) added from January 2026. The go-to-market is sales-led but not competitive — every customer in the territory is structurally a customer — supported by a self-service digital portal (Iseteenindus), phone/email customer service, a 24-hour fault hotline, and a free outage-notification service. Approximately 226 GWh of electricity is sold annually through the network, with 44 staff supporting operations.

Name

Imatra Elekter Aktsiaselts

Legal name

Imatra Elekter Aktsiaselts

Website

https://imatraelekter.ee

Company type

Private

Operating status

Operating

Short description

Imatra Elekter Aktsiaselts is a regulated Estonian electricity distribution monopoly serving over 25,600 residential and business customers in Läänemaa, Põhja-Pärnumaa, and Viimsi municipality, operating as a wholly-owned subsidiary of Eesti Energia's Elektrilevi since July 2021.

Ownership category

akta.pro rank

Product category

Electricity Distribution and Supply

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122)

SIC

Electric Services (4911)

akta.pro primary industry

Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA)

akta.pro secondary industry

Substation Automation & Digital Substations (IEC 61850) Integration Services (EUAEANAD)

Keywords

• Electricity distribution services
• Network operator services
• Universal electricity supply
• Grid connection services
• Power line maintenance

Headquarters

HQ city

Haapsalu

HQ country

Estonia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D

Revenue model

1. Network service fees (võrguteenuse tasud): Charges for electricity transmission and distribution services. Revenue is derived from transmission tariffs, fixed charges per main fuse, and reactive energy charges across multiple price packages (Partner 24, Partner 12/12, Partner 24 Pluss, Partner 12/12 Pluss, Partner 63 Pluss). The company operates as a regulated monopoly; all customers in its service territory pay network fees.
2. Electricity sales – Universal service (Üldteenus): Sale of electricity to customers who have not chosen an electricity seller on the open market. Price is calculated based on weighted average Nord Pool Spot hourly electricity prices plus Imatra Elekter's margin. Applied to small consumers (main fuse ≤63A at low/medium voltage).
3. Electricity sales – Balance energy: Business customers with main fuse exceeding 63A who have not selected an electricity seller are sold electricity at the balance energy price. Imatra Elekter's margin on balance energy was 1.035 c/kWh (excl. VAT) in June 2026.
4. Connection fees (Liitumistasu): One-time fees charged for new connections to the electrical network, increasing main fuse capacity, and transitioning from single-phase to three-phase connections. Fees are calculated per ampere in the designated area, and at actual cost outside the designated area.
5. Professional and administrative services: Fees for technical condition issuance (€35 excl. VAT), project coordination (€50 excl. VAT), network location data issuance (€35 excl. VAT), on-site supervision in protection zones (€85 excl. VAT), contract modification (€4/tk), meter operations (€69/tk), disconnection/reconnection services (€7–€116/tk), and electrical installation sealing (€49/tk).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Imatra Elekter Aktsiaselts is an Estonian electricity distribution network operator providing electricity network (distribution) services in Läänemaa, Põhja-Pärnumaa, and Viimsi municipality. The company also provides universal service electricity supply as a regulated default supplier, grid connection services for new customers, balancing energy services, and services for electricity producers connecting to the distribution network.

Product overview

Imatra Elekter Aktsiaselts is an electricity distribution and sales company providing network services in Läänemaa, Põhja-Pärnumaa, and Viimsi municipality in Estonia. The company's core offering is grid transmission services (Võrguteenus) enabling electricity delivery to consumption sites. It offers multiple tariff packages: Partner 24 (basic fixed rate), Partner 12/12 (time-of-use rates), Partner 24 Pluss (fixed rate with standing charge), Partner 12/12 Pluss (time-of-use with standing charge for electric heating), and Partner 63 Pluss variants for high-capacity connections. The company provides universal service (Üldteenus) for small consumers, smart metering (Kaugloetav arvesti) with HAN interface, net metering (Netomõõteandmed) for bidirectional meters, and electricity producer services (Elektritootja) including A-type, B/C-type production modules and storage device netting. Additional services include technical conditions issuance, project approvals, metering data management, and outage notifications. The company also offers an online network calculator for tariff selection.

Differentiator

Problem solved

Functional benefit

Products and services

• Võrguteenus (Network Service)

Quantifiable outcome

• Over 25,600 private and business customers served in the distribution area
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Eesti Energia AScoreOthers · 23 July 2021Imatra Elekter AS has been a member of the Eesti Energia Group since July 23, 2021. Eesti Energia is Estonia's leading energy group, encompassing electricity generation, distribution, and sales. The group also includes Elektrilevi, Estonia's largest electricity distribution network operator, of which Imatra Elekter is a subsidiary.
• Elektrilevi AScoreOthers · 23 July 2021Elektrilevi AS is Estonia's largest electricity distribution network operator and the parent company of Imatra Elekter AS. Imatra Elekter operates as Elektrilevi's subsidiary, sharing branding, technology platforms (e.g., outage map at elektrilevi.ee/katkestused), and operational standards. The company's competitiveness is based on its ability to supply its own power and high service levels aligned with Elektrilevi's infrastructure.
• Elering AScoreOthersElering AS is Estonia's transmission network operator (TSO) and system administrator. Imatra Elekter collaborates with Elering on multiple regulatory frameworks: security of supply charge (calculated and published by Elering), renewable energy charge calculation, balancing capacity charge determination, data exchange platform (Estfeed) for metering data, and unused generation capacity fee monitoring. Imatra Elekter acts as a collection agent for certain national charges set by Elering.
• Nord Pool SpotminorOthersNord Pool Spot is the Nordic and Baltic electricity exchange. The price of electricity in the universal service is calculated based on Nord Pool Spot hourly prices weighted with volumes of electricity sold under the universal service, plus Imatra Elekter's margin. Imatra Elekter procures all electricity for universal service on the Nord Pool Spot exchange.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Ellevio AB: Ellevio is Sweden's second-largest electricity distribution network operator, owned by a consortium including KKR and the Swedish pension fund AMF. As a Nordic regulated DSO comparable in scale and investor profile, it shares Imatra's regulated-tariff revenue model, focus on outage reduction and smart metering, and dependence on regulator-approved capex programmes.
• Caruna Oy: Caruna is Finland's largest electricity distribution network operator serving ~485,000 customers and historically owned by infrastructure investors including 3i and Goldman Sachs. As a Nordic regulated DSO of comparable ownership history and regulatory economics, it provides a direct read-across on multiple, regulated returns, infrastructure investment cycle, and customer-base growth.
• Elenia Oy: Elenia is a Finnish distribution system operator serving ~430,000 customers, owned by infrastructure investors including Macquarie Asset Management. It is highly comparable to Imatra as a smaller-region DSO operating in a country with unbundled, regulator-set network tariffs and a focus on smart meter rollouts, underground cabling, and storm resilience — overlapping capability stack and revenue model.
• VKG Elektrivõrgud OÜ: VKG Elektrivõrgud is another regulated Estonian distribution network operator serving the Ida-Virumaa region (peer identified from general Estonian DSO market knowledge). It directly parallels Imatra's structure as a small, regionally-monopolistic DSO subject to the same Estonian Competition Authority tariff regulation and offering identical network service, connection, and metering products.
• Elektrilevi AS: Elektrilevi is Estonia's largest electricity distribution network operator and the parent of Imatra Elekter. Both are regulated DSOs operating under the same Estonian Competition Authority framework, share technology platforms such as the outage map, and target the same customer segments with the same core network service offering.

Broad incumbents

• Vattenfall Eldistribution AB: Vattenfall's distribution arm is one of Sweden's largest DSOs, operating within the vertically-integrated Swedish state-owned energy major. It is comparable to Imatra as a Nordic regulated distribution utility but operates at materially greater scale and as part of a much broader generation-and-retail portfolio.
• Fortum Oyj: Fortum is a Nordic energy major with significant distribution and generation operations across the Nordics and Baltics. It is comparable to Imatra in the Nordic/Baltic regulated network space but with a much broader portfolio that includes hydro and nuclear generation, district heating, and consumer-facing electricity sales.
• E.ON Energie Deutschland GmbH: E.ON is one of Europe's largest integrated utilities operating regulated distribution networks across multiple countries. It is comparable to Imatra in the regulated DSO core — capturing revenue under tariff regulation with similar network fee streams — but operates many times larger and broader across generation, networks, and customer solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebooket-ee.facebook.com/ImatraElekter

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Imatra Elekter Aktsiaselts