On Saturday, the price of electricity on the stock market decreased significantly from Thursday’s spike. The hourly price remained affordable, with the cheapest price recorded at 3 PM at 1.65 cents per kilowatt-hour. Meanwhile, exchange electricity users can benefit from cheaper prices as they progress into the weekend.
According to Fingrid’s hourly price mobile application, the price of electricity on the stock market fell to 1.802 cents per kilowatt-hour on Saturday afternoon. Despite this, it is expected that prices will begin to rise post-summer in the long-term forecast. However, for now, exchange electricity users can take advantage of lower prices as they enjoy their weekend activities.
Looking ahead, electricity price futures suggest a decrease in May-June, followed by a steady increase as the weather cools down. Prices have hovered around 6-8 cents per kilowatt-hour in February-May, with a slight drop to just over 5 cents in April. However, prices rose again on May Day due to low wind power production and technical issues with nuclear power plants Olkiluoto 2 and Olkiluoto 3 currently inactive for maintenance work.