Feb 17 โ€ข 12:56 UTC ๐Ÿ‡ซ๐Ÿ‡ฎ Finland Ilta-Sanomat

Electricity price rises on Wednesday - check the prices quarter by quarter

Electricity prices in Finland will increase on Wednesday compared to the earlier part of the week, with the highest cost expected mid-morning.

On Wednesday, electricity prices in Finland are set to rise compared to the earlier days of the week. The peak price, including VAT, is anticipated to occur at a quarter past nine in the morning, with rates exceeding 26 cents per kilowatt-hour. Throughout the day, the average price will hover just above 16 cents per kilowatt-hour, reflecting an upward trend that sees consumers paying more for their energy needs.

In contrast, the lowest prices will occur in the early hours of the morning, with rates dropping to around 6 cents per kilowatt-hour at approximately one o'clock. Despite the increases, the prices observed on Wednesday will not surpass the yearly records set in early February, where prices climbed above 80 cents per kilowatt-hour. For context, February's average price, including VAT, has reached 20.32 cents per kilowatt-hour, which is notably higher than January's average of 14.72 cents.

This fluctuation in electricity prices is significant for Finnish consumers as they navigate their energy costs, especially in light of the recent trends showcasing volatility in the energy market. With these price changes, it is crucial for consumers to monitor rates throughout the day to optimize their usage and manage expenses effectively, especially during peak hours where charges are notably higher.

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