Price of electricity to hit record-breaking €263.96 on Monday
The average price of electricity in the Estonian region of the Nord Pool energy market will reach €263.96 on Monday, with the price exceeding €400 briefly in the evening. The previous record was broken on Sunday.
The minimum price of electricity will be €130.05 per megawatt-hour (MWh) on Monday, with the price forecast to climb to €421.87 between five and six p.m. The price during peak consumption time will be €342.98, the Nord Pool website suggests.
The previous record price of €188.09 was set on Sunday, November 28.
The average price of electricity came to €105.61 in October, up 2.8 times year-over-year.
Before 2021, the record price of electricity in the Estonian region was €124.77 per MWh on July 20, 2014. The November 29 record is 111.6 percent higher.
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Editor: Marcus Turovski