Thursday's average electricity price will be €151.11 per megawatt-hour, an increase of almost €60 on today, data from the Nord Pool power exchange shows.
Prices will drop below €20 over night and the lowest hourly rate will be €14.44 between 3 a.m. and 4 a.m.
However, prices wil start to rise rapidly after 7 a.m. with the highest rate shooting up to €500.10 between 8 a.m. and 10 a.m.
For the majority of the day, the price will be approximately €200 per megawatt-hour.
The average price will be €118.75 in Finland and €406.37 in Latvia and Lithuania.
Last week the average price in Estonia was €298.47 euros per megawatt hour.
On September 15, 2021 the average price of electricity in Estonia was €160.36.
Editor: Helen Wright