Finland: The price of electricity drops significantly

The stock market price of electricity will collapse on Thursday after Wednesday’s high prices.

The electricity exchange will figure it out Nord Pool of the published electricity price information.

On Thursday, the stock market price of electricity will increase by about 4 cents per kilowatt hour. At its most expensive, the price is 4.2 cents per kilowatt hour between 12 and 1 p.m.

On Wednesday, electricity cost 62 cents per kilowatt hour at its most expensive. The percentage collapse between the most expensive hours of Wednesday and Thursday is up to about 93 percent.

Electricity consumption in Finland was around 12,000 megawatts all day on Wednesday. According to the electricity grid company Fingrid’s consumption forecast, electricity consumption will drop below 12,000 megawatts for the whole day on Thursday.

In addition, according to Fingrid’s wind power forecast, wind power production will recover on Thursday to a higher level than it was on Tuesday or Wednesday.

According to the statistics of the Sahkoa.io website, the average price of electricity on the stock market has been around 6.4 cents per kilowatt hour in December. It is slightly more expensive than in October–November, when stock exchange electricity cost an average of 5.1–5.7 cents per kilowatt hour.

So far, the price of electricity on the stock exchange in December has been cheaper than in September, when the average price of electricity on the stock exchange was around seven cents per kilowatt hour.