Electricity exchange price to rise in all Nord Pool price areas in February

In February, the electricity exchange price increased in all Nord Pool price areas, and stood at 43.36 euros per megawatt-hour in both Estonia and Finland.

The price increased by almost 17 per cent in the Estonian and Finnish price areas. In Latvia and Lithuania, the price increase was approximately 16 per cent, but the price was a little higher in comparison with Estonia, at 43.48 and 43.49 euros per megawatt-hour, respectively. Last month, the Nord Pool system price was 39.58 euros per megawatt-hour and the price increase was 20 per cent.

Between Estonia and Finland, electricity moved from Finland to Estonia 53 per cent of the time, from Estonia to Finland 32 per cent of the time and there was no trade on the day-ahead market on 14 per cent of the hours.

Between Estonia and Latvia, electricity moved predominantly from Estonia to Latvia, or for 71 per cent of the hours. For 19 per cent of the time, electricity moved from Latvia to Estonia and there was no trade for ten per cent of the time.

In February, there was no bottleneck on the Estonia-Finland connection. Between Estonia and Latvia, all of the full capacity available to the market was used for 11 per cent of the hours. Elering earned 428,000 euros in revenue from cross-border transmission capacity distribution last month.

In February, the carbon dioxide emission quota prices that influence the electricity price continued the rise of the last few months, and last month the trade with quota remained in the range of 8.78 and 10.13 euros per ton. A year ago, the price range stood at 4.89 and 5.38 euros per ton in February.

Based on future transactions on the last trading day of February on the Nasdaq OMX market, the electricity price in Estonia may reach 44.52 euros per megawatt-hour in March and 39.2 euros per megawatt-hour in April.