Estonian and Finnish electricity exchange prices equal in September

In September, the average electricity exchange price in Estonian and Finnish price areas was the same, at 37.27 euros per megawatt-hour. The last time electricity prices were equal in Estonia and Finland was in October of last year.

Compared to August, the average price increased in all of the Nord Pool electricity exchange price areas, with the smallest price increase evident in the Baltics. In the Estonian price area, the price was higher by 2.6 per cent in comparison with August.

In September, the Nord Pool system price was 31.59 euros per megawatt-hour. Compared to Estonia, the electricity exchange price was higher by 42 cents per megawatt-hour in Latvia and by 52 cents per megawatt-hour in Lithuania. The monthly price increase was one and 1.3 per cent, respectively.

In September, electricity power flows were directed from Finland to Estonia more than half of the time and from Estonia to Finland nearly 17 per cent of the hours. There was no trade between the two countries for almost 30 per cent of the time. Of the full capacity made available for the market, two per cent was used in the direction of Estonia and almost 15 per cent in the direction of Finland.

Between Estonia and Latvia, power flows moved in the direction of Latvia nearly 95 per cent of the time and almost 50 per cent of the capacity made available for the market was used on that direction. The full capacity made available for the market was used on 83 hours.

Elering earned 357,000 euros of revenue from cross-border capacity distribution in September.

The carbon dioxide emission quota price, which influences the electricity price, continued to rise in September and the price remained in the range of 5.82-7.27 euros per ton. The price range for August was 5.26-6.09 euros per ton.

Based on transactions of the last day of trading on the Nasdaq OMX market in September, the electricity exchange price may total 33.7 euros per megawatt-hour in Estonia in October and 35.2 euros per megawatt-hour in November.