On Saturday, exchange electricity users can enjoy cheaper prices as the weekend progresses. The price of electricity on the exchange has fallen significantly since Thursday’s spike. However, in the long-term forecast, it is expected to start rising again after the summer.
According to Fingrid’s hourly price mobile application, the price of electricity on the stock market decreased from two cents to 1.802 cents per kilowatt hour on Saturday afternoon. The cheapest price was recorded at three in the afternoon at 1.65 cents per kilowatt-hour, while the most expensive was at seven in the evening at 4.29 cents per kilowatt-hour.
There was a significant spike in exchange electricity prices on Thursday, mainly due to a drop in wind power production. The nuclear power plants Olkiluoto 2 and Olkiluoto 3 are currently not producing electricity. Delays have also been reported at these plants, including maintenance issues.
The maintenance shutdown of Olkiluoto 2 began last Sunday, with an expected return to electricity production on Monday, May 6. Olkiluoto 1 is scheduled for maintenance shutdown from May 12 to May 28. Electricity price futures show a decrease in prices in May-June, followed by a steady increase as the weather cools down. Prices have remained relatively stable in recent months, with occasional drops and spikes.[/
