Hourly electricity prices to drop below 10 cents per MWh on Thursday
The average price of electricity in Estonia will drop to €135.43 per megawatt-hour on Thursday, down from €251.13 Wednesday, with hourly prices in the early morning and late night hours plunging to 10 cents per megawatt-hour or less, according to Nord Pool's day-ahead prices* for October 6.
Hourly prices in Estonia will drop to 10 cents per megawatt-hour or less from 2-5 a.m. and again from 10 p.m. through midnight, bottoming out at 8 cents per megawatt-hour from 4-5 a.m.
Prices will be back up in the triple digits for much of the rest of the day, exceeding €300 per megawatt-hour from 5-6 a.m., 8-9 a.m., 4-5 p.m. and 6-7 p.m., including peaking at €468.81 per megawatt-hour from 8-9 a.m.
To Estonia's north, Finland's electricity prices will average just €4.28 per megawatt-hour on Thursday, reaching as low as 99 cents below zero per megawatt-hour.
To the south, meanwhile, both Latvia and Lithuania will see significantly higher daily average prices at €214.68.
*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