Feb 20 • 05:00 UTC 🇪🇪 Estonia Postimees

POWER FACES STORMS ⟩ Today, electricity is extraordinarily volatile

Electricity prices in Estonia are expected to fluctuate significantly today, with a notable drop in average prices compared to the previous day.

Today in Estonia, the average electricity price in the Nord Pool Eesti price region has dropped significantly by 36.9% to €115.07 per megawatt-hour, compared to €182.39 the previous Thursday. This notable decrease indicates a shift in market conditions, likely influenced by various factors affecting energy supply and demand. Despite this drop, high volatility is anticipated throughout the day, showing that consumers should remain alert to pricing changes.

The price of electricity is projected to peak during the morning rush hour from 07:45 to 08:00, reaching €219.94 per megawatt-hour, making it the most expensive time for consumers. Conversely, the most favorable time for usage will occur in the last quarter of the day between 23:45 and 24:00, when the price dips to €15.60 per megawatt-hour. This wide range of pricing highlights the dynamic nature of the electricity market in Estonia, where consumers can benefit from strategic usage times to manage costs effectively.

In comparison to neighboring countries, electricity remains cheaper in Finland, where the average price is €97.48, while prices in Latvia and Lithuania are almost identical to Estonia, averaging around €115.72 per megawatt-hour. This regional comparison offers insight into the competitive energy landscape in the Baltic region and reflects how interconnected national markets can influence pricing strategies for consumers across borders.

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