On Monday, the price of electricity will jump again

The price of electricity has remained low on Sunday, but price fluctuations will continue on Monday, according to the Nordic electricity exchange Nordpool price information.

The price of electricity is cheap on the night before Sunday and Monday, but starts to rise rapidly in the morning around five o’clock. At nine o’clock in the morning, the taxed hourly price of stock exchange electricity has already increased to 27 cents per kilowatt hour.

After the price spike in the morning, the price of electricity drops to around 13 cents per kilowatt-hour, after which it starts to rapidly rise again. The price peak is reached on Monday evening at 7 pm, when electricity costs more than 31 cents per kilowatt hour.

On the weekend, the price of electricity would be high on Saturday evening, when it reached almost 40 cents per kilowatt hour.

Olkiluoto 2 roars again

The price of exchange electricity in Finland remained flat during the summer, but since September the price has fluctuated strongly. Electricity was at its most expensive on September 16, when electricity cost more than 59 cents per kilowatt hour.

Also at the beginning of October, price fluctuations have been large. On Wednesday, October 2, the price of electricity would be over 62 cents per kilowatt hour.

The reason for the price fluctuation has been, among other things, the maintenance of Olkiluoto 2, as a result of which the second unit of the nuclear power plant has been out of use for almost a month due to a generator rotor failure.

Currently, Olkiluoto 2 is in operation again and produces electricity for the national grid. The plant unit was put back into use on Sunday, October 6 at 5:26 a.m. The owner of the Olkiluoto nuclear power plant informs about the matter Power of Industry (TWO).

“The damaged water-cooled rotor of the generator has now been replaced, and electricity production was able to continue today. The power increase will take about 30 hours,” TVO says in the press release.