Exchange prices of electricity fall in both Finland and Baltic regions in February

In February, power exchange prices rose by more than 15 per cent in all bidding areas of the Nordic countries’ Nord Pool exchange. The price was highest in Estonia and Latvia and lowest in Finland.

The price of electricity in the Estonian bidding area of the power exchange in February was 47.28 euros per megawatt-hour, which was 15.21 percent lower than in January. In Finland, the price of electricity last month was 46.74 euros per megawatt-hour, and in Latvia, similarly to Estonia, 47.28 euros per megawatt-hour, and in Lithuania, 46.97 euros per megawatt-hour. Exchange prices of electricity in Finland, Latvia and Lithuania fell by more than 16 per cent from January. The Nord Pool system price fell by 14.73 per cent to 45.86 euros per megawatt-hour.

The Estonian and Finnish prices of electricity varied from each other in the case of 66 hours. The price was the same in all hours in Estonia and Latvia. The exchange prices in the Latvia and Lithuania bidding areas varied from each other in the case of 50 hours.

In February, electricity flows between Finland and Estonia moved toward Estonia 68 per cent of the time, and 35 per cent of the capacity allocated to the market was used during the month. In 25 per cent of the hours, power flowed from Estonia to Finland and there was no trading in 7 per cent of the hours.

Between Estonia and Latvia, electricity flowed toward Latvia 63 per cent of the time and 29 per cent of the time toward Estonia. There were no commercial transactions in the case of 8 per cent of the hours.

Elering earned 616,260 euros in auction revenue from trading cross-border transmission capacities last month.

The prices of carbon dioxide emission allowances – which impact the price of electricity – ranged from 18.70 to 23.55 euros per tonne in February. In the same month last year, the price range was 8.78 to 10.13 euros per tonne.

All data are provided according to Central European time (CET).