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Estonia sees significant drop in electricity prices
🇪🇪 Estonia /Energy & Infrastructure

Estonia sees significant drop in electricity prices

From Postimees · () Estonian

Translated from Estonian, summarized and contextualized by DistantNews.

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  • Electricity prices in Estonia have fallen significantly, with the average price on Friday being 10.40 euros per megawatt-hour.
  • The highest price is expected in the evening, reaching 81.56 euros per megawatt-hour between 20:45 and 21:00.
  • Electricity is cheaper in Estonia than in Latvia and Lithuania, where the price is 10.71 euros per megawatt-hour, but more expensive than in Finland, at 4.34 euros.

Electricity prices in Estonia have dropped considerably, with the average cost on Friday standing at 10.40 euros per megawatt-hour. This represents a substantial decrease compared to previous periods.

The day's highest price is anticipated during the evening peak hours, specifically between 20:45 and 21:00, when the cost is projected to reach 81.56 euros per megawatt-hour. Conversely, the most affordable electricity was available in the early morning, between 02:45 and 03:00, when it cost only 1.73 euros per megawatt-hour.

Compared to its Baltic neighbors, Estonia offers cheaper electricity on Friday. Latvia and Lithuania are facing prices of 10.71 euros per megawatt-hour, which is 46.7 percent higher than Estonia's average. However, electricity remains more expensive in Estonia than in Finland, where the average price is 4.34 euros per megawatt-hour.

DistantNews Editorial

Originally published by Postimees in Estonian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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