The Finnish electric company, Helen, has issued a statement addressing the unusually high electricity prices in the market. In January 2026, the average monthly price for electricity on the market was 14.7 cents per kilowatt-hour, which is 8.1 cents higher than the same time last year. The prices continued to rise into early February, with prices occasionally exceeding 80 cents per kilowatt-hour. Helen attributes this surge in prices to a high-pressure system that settled over Finland at the start of the year, bringing colder temperatures that increased electricity consumption. Additionally, weak wind energy production has contributed to maintaining high prices for an extended period.

Helen's electricity market expert, Satu Oker-Blom, noted that the market situation is exceptional, as both consumption and production conditions are driving prices up simultaneously. She emphasizes the importance of timing electricity use, although she acknowledges its limited impact during such a high-demand scenario. The implications of these high prices may affect consumers' electricity bills, prompting discussions on energy efficiency and the potential need for strategic changes in consumption patterns to mitigate costs in the future.