The average price of electricity on Tuesday will be €463 per Megawatt-hour, half of Monday's price level, though at peak times in the morning and evening, the price will range from €700 to €800 per Megawatt-hour as quoted on the Nord Pool exchange.
Electricity ranges in price from €715 to €772 per MWh between 8.00 a.m. and midday, and will rise to close to €700 per MWh from 6.00 p.m. From 7.00 p.m. to 10.00 p.m. the price will be between €740 and €800 per MWh.
The cheapest period has already passed at the time of writing – between 1 a.m. and 6 a.m. the price of electricity was below €40 per MWh, and no higher than €21 per MWh most of that time.
The average price of electricity last week stood at €385 per MWh, a 10 percent fall on a week earlier.
The price as quoted on the Nord Pool exchange has VAT applied to it when charged to customers.
Editor: Andrew Whyte