The electricity exchange price was 34.01 euros per megawatt-hour in December and the average price over the year 33.06 euros per megawatt-hour

According to reports from the Nord Pool Nordic electricity exchange, the average day-ahead electricity price in the Estonian price area was 34.01 euros and the average price over 2016 was 33.06 euros per megawatt-hour.

In a monthly comparison of 2016, the electricity exchange price fluctuated between 28.26 and 40.86 euros per megawatt-hour, being at its lowest in May and highest in November.

Compared to November, the electricity exchange price fell in all Nord Pool price areas in December. In Finland, the price was exactly 34 euros, in Latvia 34.18 euros and in Lithuania 34.79 euros per megawatt-hour. The whole Nord Pool system price was 31.79 euros per megawatt-hour in the last month of last year and the average price over the year was 26.91 euros per megawatt-hour.

The prices of the Estonian and Finnish price areas were equal for 731 hours in December, which is 98 per cent of the hours of the month. The Estonian and Latvian prices were equal for 94 per cent of the hours.

Power flows between Estonia and Finland were directed from Estonia to Finland for 40 per cent of the time and from Finland to Estonia for 50 per cent of the time. Between Estonia and Latvia, commercial flow was directed from Estonia to Latvia for 75 per cent of the hours.

In December, carbon dioxide emission quota prices, which influence the price of electricity production, remained at the level of the previous month and the price range of the transactions was between 4.3 and 6.54 euros per tonne.

According to the power futures of the last trading day of December on the Nasdaq OMX market, the electricity exchange price in Estonia is expected to be 43.55 euros per megawatt-hour in January.

Elering’s auction profit for cross-border distribution was over 630,000 euros last month.