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Estonia's Electricity Market Price to Drop Significantly on Friday
🇪🇪 Estonia /Economy & Trade

Estonia's Electricity Market Price to Drop Significantly on Friday

From Postimees · () Estonian

Translated from Estonian and summarized by DistantNews. Read the original for the full story.

At a glance

News From a news agency Context piece
  • Estonia's average electricity price on the Nord Pool market will drop by 40.8% on Friday to 71.18 euros per megawatt-hour.
  • Despite the significant daily average decrease from Thursday's 120.25 euros, the day will see large price fluctuations.
  • The cheapest electricity will be available late at night, while the most expensive will be during morning peak hours.

The average electricity price in Estonia's Nord Pool market area is projected to decrease substantially on Friday, falling by 40.8% from Thursday's figures to settle at 71.18 euros per megawatt-hour. This marks a significant drop from the previous day's average price of 120.25 euros.

However, the day is expected to be characterized by considerable price volatility. While the overall average price is falling, consumers can anticipate sharp fluctuations throughout the day. The peak electricity price is forecast for the morning hours, specifically between 8:15 AM and 8:30 AM, when the price per megawatt-hour could surge to 171 euros.

Conversely, the most opportune time for electricity consumption, offering the lowest prices, will be late at night. Just before midnight, transitioning into Saturday, the price is expected to plummet to as low as 3.23 euros per megawatt-hour. This stark contrast highlights the dynamic nature of the electricity market.

About this summary

Originally published by Postimees in Estonian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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