Estonia's wholesale electricity price rose 57% in a week
The average electricity price in Estonia's zone of the Nord Pool exchange reached 18.7 cents per kilowatt-hour between 2 and 8 November, up 57% from the previous week. Prices in Latvia and Lithuania were higher, while Finland's were far lower.
The average electricity price in Estonia's bidding zone of the Nord Pool power exchange rose by 57% last week, from 2 to 8 November. The weekly average came to 18.7 cents per kilowatt-hour (kWh), compared with 11.9 cents a week earlier.
The figures were reported by Estonian public broadcaster ERR. Because the Baltic states and Finland trade on the same exchange, the differences between zones show how the regional electricity market varies.
Comparison with neighbouring countries
In Lithuania, the average exchange price last week was 27.8 cents per kilowatt-hour. In Latvia it reached 26.5 cents, while in Finland it was just 4.3 cents per kilowatt-hour. Estonia's price was therefore lower than those in Latvia and Lithuania, but several times higher than Finland's.
What to keep in mind
These are exchange prices. For end consumers, turnover tax is added on top, along with various fees and excise duties, so the amount on a household bill will be higher.
