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Electricity price was at an even level from Finland to Lithuania in February

06.03.2017 10:35

According to reports from the Nord Pool Nordic electricity exchange, the electricity exchange prices in the Finnish and Baltic price areas were at an even level in February, remaining between 35.07 and 36.45 euros per megawatt-hour.

The average electricity price in the Estonian price area increased 5.6 per cent to 35.13 euros from 33.27 euros per megawatt-hour in January. The Nord Pool system price increased by 4.8 per cent over the month, reaching 32.28 euros per megawatt-hour.

Power flows between Estonia and Finland were directed to Estonia for 58 per cent of the 672 hours last month and to Finland for 30 per cent of the hours. Nearly one third of the full capacity given to the market was used and the whole capacity given to the market was used for 11 hours. Power flows between Estonia and Latvia were directed from Estonia to Latvia for almost 88 per cent of the hours. A little over half of the full capacity given to the market was used and the whole capacity was used for 50 hours.

In February, Elering saw profits of almost half a million euros or 478,916 euros from cross-border transmission capacity distribution.

Carbon dioxide emission quota prices, which influence the price of electricity, remained between 4.89 and 5.38 euros per tonne in February. In January, the trading range was between 4.69 and 6.11 euros per tonne.

According to transactions on the last trading day of the month, the average electricity price is expected to be 33.5 euros per megawatt-hour in March. The February price was quite accurately predicted by transactions – the price was cheaper than expected by two per cent.