Power exchange price remains below 30-euro mark in March

According to data provided by the Nord Pool Nordic power exchange, the average price in the Estonian price area in March was 29.41 euros per megawatt-hour.

Last month’s average electricity price totalled 29.87 euros per megawatt-hour in Latvia, and the price in Lithuania reached 30.81 euros per megawatt-hour. This difference of almost a euro between the Latvian and Lithuanian prices was the largest in history.

In Finland, the electricity price reached 27.09 euros per megawatt-hour, and the system price on the Nordic power exchange totalled 21.92 euros per megawatt-hour.

Between Finland and Estonia, electricity moved for almost all of the hours in the direction of Estonia, and between Estonia and Latvia for almost all the hours in the direction of Latvia. A total of 78.8 per cent of the transmission capacity provided for the market was used for Finland-Estonia electricity trade, and 70.4 per cent of the transmission capacity was used in the direction of Latvia.

The average price for carbon dioxide emission quotas, which influence the price of electricity, continued to decline slightly in March. The average monthly price hit 4.93 euros per tonne, compared with 5.15 euros in February.

On the basis of transactions on the Nasdaq OMX Commodities market conducted on the last trading day of March, the average electricity price in the NPS Estonia price area will be 32.14 euros in April, and the average price for the second quarter of 2016 will be 29.55 euros per megawatt-hour. In the case of Latvia, the same price forecasts are 32.74 and 33.25 euros respectively. The prices of future transactions have risen slightly compared with the end of February.

Elering earned over 1.6 million euros in total cross-border capacity distribution profit in March from the Finnish-Estonian and Estonian-Latvian borders.