The average electricity price in the Estonian Nord Pool zone is expected to decrease significantly on Saturday, October 14, 2023. According to the Bank of Estonia (BNS), the electricity price will drop by five times, potentially reaching zero. On Saturday, the average electricity price will decrease by 78.7 percent to 21.24 euros per megawatt-hour.

The exchange price will range from a high of 97 euros per megawatt-hour between 7:00 PM and 8:00 PM to a low of zero euros per megawatt-hour between 6:00 AM and 7:00 AM. In Latvia and Lithuania, the electricity price will also be 21.24 euros per megawatt-hour. Finland’s electricity price on Saturday is projected to be largely negative, averaging -2.05 euros per megawatt-hour.

The highest electricity price is observed in the Austrian zone, reaching 87.36 euros per megawatt-hour. The average electricity price in the Estonian Nord Pool zone for September 2023 was 113.46 euros per megawatt-hour, a 50.4 percent decrease compared to September 2022, when the average monthly price was 228.93 euros per megawatt-hour. However, the price increased by 20.2 percent compared to August.

The daily record in the Estonian Nord Pool zone exchange price was set in August 2022, with a peak of 682.05 euros per megawatt-hour and a one-hour high of 4,000 euros per megawatt-hour.

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