In the Nord Pool Estonian price area of the electricity exchange, the average exchange price of electricity on Tuesday fell by 71 percent compared to Monday to 74.8 euros per megawatt hour, which is also the first time in several months that the daily average price has been below 100 euros.
The last time the average daily price of electricity in the Estonian region was less than 100 euros per megawatt-hour was on July 3, when the price dropped to 90.48 euros.
The most expensive, 174.64 euros per megawatt-hour, is the electricity exchange price on Tuesday morning between 11 and 12, while the cheapest is early in the morning between 4 and 5, when the price drops to 27.99 euros per megawatt-hour.
In Latvia and Lithuania on Tuesday, electricity costs more than six times more than in Estonia, 453.48 euros and 466.99 euros per megawatt hour, respectively. However, electricity in Finland is quite a bit cheaper than in Estonia – 74.22 euros per megawatt hour.
The average price per megawatt hour in Lithuania is also the most expensive Tuesday in the Nord Pool system.
In the Nord Pool Estonian price area of the electricity exchange, the average price in August this year was 361.35 euros per megawatt hour, more than four times more than a year earlier, when the monthly average price was 87.03 euros per megawatt hour. Compared to July, the price increased by more than half, 54.9 percent.
The last daily electricity price record also dates from August – on August 17, the average price in Estonia reached 682.05 euros. This is 36.2 percent more than the previous daily record of 500.61 euros, which the price reached on August 8 of this year. Before them, the daily price record came from December 7 of last year, when the price reached 469.03 euros.
Before 2021, the previous record price in the Estonian price area of the electricity exchange came from July 20, 2014, when the daily average price was 124.77 euros per megawatt hour.
Prices in Nord Pool’s Estonia (EE), Latvia (LV), Lithuania (LT) and Finland price area (FI) and the price of the entire Nord Pool system (SYS) in euros per megawatt hour:
Source: Lääne Elu by online.le.ee.
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