Price of electricity to drop threefold Wednesday

On Wednesday, the average daily electricity price in the Nord Pool power exchange's Estonia price area is €23 per megawatt-hour. The price was last this low almost two weeks ago.
On Wednesday, the average price of exchange electricity in Estonia is exactly €23 per megawatt-hour, which is roughly three times lower than on Tuesday.
However, the price will rise significantly, reaching €80 between 8 a.m. and 9 a.m., as well as between 7 p.m. and 10 p.m. Between midday and 6 p.m., the price will drop below €10 per megawatt-hour.
In Latvia and Lithuania, the price is the same as in Estonia, while in Finland, the average daily price is even lower, at €5.3 per megawatt-hour.
The last time the daily average price was this low in Estonia was on September 27, when the market price of electricity price was €14 per megawatt-hour.
Last week, electricity prices in Estonia were very high: the weekly average price was €131 per megawatt-hour, with the highest daily average recorded on Wednesday at €241.
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Editor: Marko Tooming, Marcus Turovski