Stock exchange electricity has been terrible again – at this price, fixed -priced contracts are now available

Electric It has been exceptionally expensive this week. The electricity is particularly expensive on Thursday, when the taxable stock market price of a kilowatt -hour swings around 30 centimeters for a day. This is the toughest day price since last October.

Electricity for the past week has been expensive compared to the prices of the early part of the year. Even on Friday, the average electricity price stays almost 11 cents per kilowatt hour. At its most expensive, electricity costs almost 6pm on Friday from 7pm to 8pm.

There are four obvious reasons for the expensive price: Olkiluoto, Tuuli, frost and export.

The culprit number 1: Olkiluoto

Let’s start with Olkiluoto. At the beginning of March, a maintenance outage for the Olkiluoto Nuclear Power Plant’s third unit began. It is of great importance to the balance of the Finnish electrical system, especially when the weather is calm.

About 40 % of Finland’s electricity production comes from nuclear power plants with a combined nominal power of about 4,400 megawatts.

Olkiluoto Kolmonen has a power of 1,600 megawatts, so more than one third of the total capacity is currently disabled.

Culpse number 2: cold weather

In the same At times, the weather is cold compared to the mild February. The temperature has fallen in the south for frost. In northern Finland, there are some twenty degrees Celsius. Heating consumes a lot of electricity in frost.

The weather is also very calm, as is often frosty. The northern winds of the beginning of the week, which brought the chill to the south, have changed almost to the base. Particularly calm is in the most important wind power areas, the coast of Ostrobothnia.

Culpse number 3: Windless weather

On Thursday In the morning, all wind turbines in Finland generated electricity with less than 50 megawatts, even though the installed capacity is over 8,400 megawatts. Solar power plants produced much more of them.

On Friday, the wind will begin to rise and the weekend is about to be a good southwestern blower. Fingrid predicts that wind production will rise to about 6,000 megawatts on Saturday morning. At the same time, the weather will cool down. This is likely to mean very inexpensive electricity.

Culpse Number 4: Breeded Huuhat and Electricity Exports

Electricity will be brought to Finland on Thursday with full capacity from Sweden. But even though there is scarcity in Finland, it flows from Finland to Estonia on Thursday.

On Thursday, there is a day when a cable connection to Estonia will increase the price of electricity in Finland. Electricity in Finland and the entire Baltic States is the same priced almost all day. In Sweden, it is clearly cheaper.

One of the Estlink cable connections between Finland and Estonia is currently across the Eagle S ship’s grewed anchor along the bottom of the Gulf of Finland on Christmas Day. The Estlink 1 cable works normally.

At what price is fixed price electricity now available?

Short One third of households, according to the latest information from the Energy Agency, buy electricity by a stock market electricity contract, which is paid for electricity every hour according to the price and consumption.

Second The most popular type of contract is a fixed -term contract, with the same price per kilowatt -hour per kilowatt -hour. Prices for fixed -term contracts have fallen significantly from last year.

On Thursday, a fully fixed price contract for one and a half a year was received at a price of 7.10 cents per kilowatt hour on Thursday. The cheapest price for a two -year fixed -term contract was 7.28 cents per kilowatt hour.

HS compared prices to the energy agency at Sahkonhinta.fi.

The cheapest two -year so -called hybrid agreement was 6.84 cents per kilowatt hour. In addition to the fixed price, the hybrid agreement has a flexible element, meaning that the final price of electricity depends partly on the timing of consumption in relation to the electricity market price.

How are electricity prices estimated to develop?

The price development of electricity can be studied through derivative trade. According to these, it seems that the price of electricity is expected to decrease significantly in the summer and autumn.

For example, in the Future Agreement, which is due in April -June, the price of Nordic electricity on Thursday morning, including VAT, was about 2.7 cents per kilowatt -hour. In the July -September agreement, the price runs around 2.3 cents per kilowatt hour.

Before March, electricity has been quite affordable throughout the winter. In January, the taxable stock price of electricity was 6.6 cents per kilowatt hour. In February, electricity paid an average of 5.9 cents.

In March, electricity has so far paid an average of 7.2 cents per kilowatt -hour with the Valuable tax.

In addition to the price of electricity, the consumer pays the electricity transfer fee to the transfer company and the electricity tax.