Electricity prices in Estonia continue to surge, with a projected increase of nearly 22% in the electricity market on the next day of reporting. In February, the average electricity price has been approximately a quarter higher compared to January, indicating a worrying trend for consumers who may face higher bills. The colder weather and low wind conditions are expected to persist until the end of February, which further exacerbates the situation for residents and businesses reliant on electricity.

In January, the average market price reached €154 per megawatt-hour, while the latest figures indicate that February's average price is now at €191 per megawatt-hour. Such price levels have not been seen since the end of the energy crisis in 2022, raising concerns about affordability and the potential impact on household budgets. Additionally, the wind energy generation in the region has diminished significantly, compounding the pressure on electricity prices as reliance shifts towards more expensive energy sources.

The peak pricing period on Monday morning is anticipated to hit €400, underlining the volatility and challenges within the electricity market. Conversely, the lowest rates for consumers will occur just after midnight, showcasing the drastic fluctuations in daily pricing that can affect energy costs for consumers. As Estonia navigates through these energy challenges, the implications for consumers and the broader economy continue to develop, demanding attention from both policymakers and the public.