On Thursday, the electricity exchange price will fall by 8%, to 140.11 euros

The Nord Pool Estonia electricity market experienced a significant price decrease on Thursday, with the average exchange rate falling approximately 8 percent to €140.11 per megawatt-hour (MWh), according to data from the Bank of Estonia. The highest electricity price on Thursday evening between 7 PM and 8 PM reached €218.66/MWh, while the lowest occurred early in the morning between 4 AM and 5 AM, at €87.08/MWh. Electricity prices in Latvia and Lithuania were slightly higher on Thursday, at €141.30/MWh and €141.84/MWh, respectively.

In contrast, electricity in Finland was 13.4 percent cheaper, at €121.34/MWh. The Nord Pool Estonia electricity market’s average price for April was €100.66/MWh, representing a 130.9 percent increase compared to April 2021, when the average price was €43.60/MWh. April’s average price was 33.4 percent lower than March and 3.8 percent lower than February, with average prices of €151.23/MWh and €104.63/MWh, respectively.

Electricity prices set record highs in Estonia during the autumn and winter of 2021. The peak price on December 7, 2021, reached €469.03/MWh, with a weekly average of €294.58/MWh and a monthly average of €202.65/MWh, nearly four and a half times higher than the average price a year earlier, which was €45.49/MWh. Prior to the 2021 autumn and winter, the highest price in the Estonia electricity market was recorded on July 20, 2014, at €124.77/MWh.

This Thursday’s price represents a 275.9 percent increase compared to that date.

Topics: #eurole #megavatt #tunnist