Electricity price in Estonia to halve to €160 per MWh on Saturday

The average cost of electricity in Estonia on Saturday will be half that of Friday.
The average cost of electricity in Estonia on Saturday will be half that of Friday. Source: Joel Henry/Unsplash

The average price of electricity in Estonia will nearly halve to €160.05 per megawatt-hour on Saturday, down from €310.88 on Friday, according to Nord Pool's day-ahead prices* for September 3.

Hourly prices in Estonia will remain below €60 per megawatt-hour from 3-8 a.m., bottoming out at €42.77 from 6-7 a.m. The price will also dip down to €51.01 from 1-2 p.m. and €61.04 from 11 p.m. through midnight.

Saturday's hourly prices will peak at €530 per megawatt-hour from 7-8 p.m. and remain high at €508.82 from 8-9 p.m.

The price of electricity in Finland will average €134.06 per megawatt-hour on Saturday.

To Estonia's south, Latvia and Lithuania will both see higher daily average prices at €286.73 per megawatt-hour.

Record high prices in mid-August

Electricity prices in Nord Pool's Estonian price area reached record highs just over two weeks prior, with the average price for August 17 reaching €682.05 per megawatt-hour and the hourly price peaking €4,000 per megawatt-hour, which is also the power exchange's cap.

The overall average in Estonia last month reached €361 per megawatt-hour, up from €233 per megawatt-hour in July.

*All times are noted in Central European Summer Time (CEST), one hour behind Estonian time, in accordance with Nord Pool's own data.


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Editor: Aili Vahtla

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