On 03.01.2019, AS Tallinna Vesi challenged Competition Authority's decision
dated 04.12.2018 refusing to approve the prices of water services that AS
Tallinna Vesi applied for in Tallinn and Saue service area.
The reason for the challenge is that AS Tallinna Vesi does not find Competition
Authority's positions given in their decision justified. In Competition
Authority's view, the sales revenue should be approximately 10 million euros
lower than the figure AS Tallinna Vesi applied for.
AS Tallinna Vesi is also in the process of preparing a response to the
Competition Authority concerning the supervisory review procedure, which is
related to the same decision. The response shall provide the reasoning for the
company's viewpoints regarding the price components serving as a basis of the
prices of water services. AS Tallinna Vesi is to respond by 30.01.2019.
The current prices of water services remain effective until the Competition
Authority approves the new prices of water services or establishes the same in
another manner.
The company is still awaiting the decision in the ongoing international
arbitration proceedings, where AS Tallinna Vesi and United Utilities (Tallinn)
B.V. have submitted a damage claim against the Republic of Estonia based on the
Agreement on Encouragement and Reciprocal Protection of Investments between the
Kingdom of the Netherlands and the Republic of Estonia.
Eliis Vennik
Head of Customer Relations and Communications
Tallinna Vesi
(+372) 626 2275
Eliis.vennik@tvesi.ee
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