Now it’s expensive electricity - see what time the peak is
Electricity prices in Finland are set to rise significantly, peaking at around 60 cents per kilowatt-hour on Thursday morning.
Electricity prices in Finland are experiencing a dramatic spike as forecasted for Thursday morning. The price is predicted to rise to approximately 60 cents per kilowatt-hour, including value-added tax, around 9:30 AM. This surge comes after a gradual increase where prices are expected to exceed 50 cents early in the morning, starting around 8 AM at 42 cents before climbing upwards.
The peak price is notable as it highlights a significant moment in the energy market, particularly following a trend of fluctuating energy costs. The day's record price is anticipated to be 59.3 cents just before the height of the increase, representing a crucial period for consumers and energy companies alike. The situation reflects ongoing challenges within energy supply and demand, emphasizing the need for vigilance among consumers regarding their electricity usage at these peak times.
Overall, the average electricity price on that Thursday is expected to hover around 23 cents per kilowatt-hour, marking a considerable contrast to the lowest price observed in the early morning, which fell below 13 cents. This variability in pricing signals both opportunity and risk for consumers as they manage their energy consumption throughout the day, advising them to be strategic about their usage especially during peak pricing hours.