The average price of electricity in Estonia is to increase to €215.56 per megawatt-hour on Tuesday, according to Nord Pool's day-ahead prices* for July 26. The average price in Finland, meanwhile, will be more than 30 times cheaper at just €7.13 per megawatt-hour.
Monday's average prices stood at €178.98 in Estonia and €161.79 in Finland.
To the south, the average price for electricity in Latvia and Lithuania is slated to spike from €255.68 per megawatt-hour on Monday to €400.19 on Tuesday.
In Estonia, electricity prices on Tuesday are set to peak at €495.07 between 8-9 p.m., after dropping off significantly to the €10 range between the hours of 9 a.m. and 6 p.m., bottoming out at €7.00 from 3-4 p.m.
Finland, meanwhile, will see its hourly prices reach as high as just €16.86 and dip as low as €1.51 per megawatt-hour.
*All times are noted in Central European Summer Time (CEST), one hour behind Estonian time, in accordance with Nord Pool's own data.
Editor: Aili Vahtla