Electricity sector in Estonia Latvia and Lithuania in the south. Electricity is traded on the Nordic power market Nord Pool. In 2014-2016, yearly net imports from Finland were equal to 31-67% of consumption. Meanwhile, yearly new exports to Latvia were equal to 57-84% of consumption. Some years there are also exports to Russia. Between Estonia and Finland there are the submarine Estlink cables. Electricity sector in Estonia The electricity sector in Estonia is connected to Finland, Russia and the other Baltic countries. It is one of the dirtiest in the EU in terms of CO emissions, as oil-based fuels account for about 80% of
Estonia–Finland relations visiting Estonia. The excise tax on alcohol is lower in Estonia than in Finland, thus it is common to buy large volumes of alcohol when returning from Estonia: a study in 2014 indicated that 34% of alcohol sold in Estonia is bought by Finns. Finnish and Swedish investors are the largest foreign investors in Estonia. Both Finland and Estonia are members of the European Union, Schengen agreement and the Eurozone, freeing international travel and trade between the countries. Finland is Estonia's top import partner, accounting for over 15% total import value in 2012, as well as the second-greatest market for