Feb 9 • 12:33 UTC 🇫🇮 Finland Yle Uutiset

The price of exchange electricity will rise above 40 cents per kilowatt-hour on Tuesday

The price of exchange electricity in Finland is set to exceed 40 cents per kilowatt-hour on Tuesday, peaking in the morning hours.

The upcoming rise in the price of exchange electricity in Finland is attributed to several factors, including the cold weather and calm conditions affecting electricity production. According to Pörssisähkö.fi, the peak price will reach as high as 43.62 cents per kilowatt-hour before 9 AM, followed by a decrease to approximately 20 cents in the afternoon. However, consumers should prepare for another spike around 7 PM, when prices will climb again to 42.28 cents per kilowatt-hour.

As we enter the winter months, the electricity market in Finland has seen significantly increased prices due to extreme winter conditions, including cold temperatures that strain power supplies and freeze wind turbines, reducing their output. This situation highlights the volatility of the energy market and the impact of weather conditions on electricity pricing.

Finnish consumers are advised to be aware of these fluctuations and plan their energy consumption accordingly, particularly during peak hours to minimize costs. The current climate conditions necessitate a closer look at energy strategies and management, especially as similar weather patterns could persist in the upcoming weeks and months, potentially leading to continued high electricity costs for households and businesses alike.

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