Feb 17 • 13:04 UTC 🇫🇮 Finland Yle Uutiset

Stock market electricity price again higher on Wednesday

The price of stock market electricity is set to rise again on Wednesday, exceeding 20 cents per kilowatt-hour in the morning before dropping below that mark by midday.

The price of stock market electricity in Finland is expected to rise on Wednesday, continuing a trend from recent days. Starting at 8:15 AM, the quarter-hour price will increase to over 20 cents per kilowatt-hour, peaking around 9 AM at approximately 26 cents. Following this peak, prices will drop below 20 cents until around midday. A second price peak is anticipated before 6 PM, where prices will again exceed 20 cents for a couple of hours. Overall, the average price for the day is projected to be slightly above 16 cents, including VAT.

So far this February, the average price of stock market electricity has been notably high, over 20 cents per kilowatt-hour, compared to just under 6 cents in February of the previous year. January also experienced higher pricing than the previous year, leading many stock market electricity users to face unexpectedly high electricity bills. These increasing electricity prices highlight the current trends in the energy market that may affect consumers significantly.

The continued rise in electricity prices is a critical topic for Finnish consumers and businesses alike, as high energy costs can impact household budgets and operational expenses for companies. The price fluctuations experienced this February underline the volatility in the market and signal a shift from last year's significantly lower prices. Observing these trends will be essential for stakeholders planning how to manage their energy consumption and expenses going forward.

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