While the average exchange price of electricity on the Nord Pool electricity exchange in Estonia rose to 128.44 euros per megawatt-hour today, the Finns were able to enjoy a price of 21.94 euros per megawatt-hour. According to the Taloussanomat survey, Finland has had unusually low electricity prices this summer. :format(webp)/nginx/o/2024/07/31/16258521t1h9392.jpg)
Power line. Illustrative photo. Photo: Marko Saarm Sander Silm, economic journalist August 29, 2024, 20:03
While the average exchange price of electricity on the Nord Pool electricity exchange in Estonia rose to 128.44 euros per megawatt-hour today, the Finns were able to enjoy a price of 21.94 euros per megawatt-hour. According to the Taloussanomat survey, Finland has had unusually low electricity prices this summer.
Translation: Sergey Svetlov
In addition to the warm summer weather, Finns also enjoyed lower electricity bills this August. The electricity exchange price in August was at its lowest in recent years. The average price for August, including VAT, was about 1.6 cents per kilowatt-hour, while the average monthly price has not fallen below two cents over the past ten years. A year ago, the average exchange price for electricity in August was 8.2 cents per kilowatt-hour.
