Spot prices of electricity in Finland will soar to nearly 60 cents per kilowatt-hour (kWh) on Tuesday morning, peaking around 8am at 59.9 cents per Kwh.
Changing hourly, a day's spot prices are set according to electricity market prices one day in advance.
Between 6am and 8pm on Tuesday, the spot price will fluctuate around 20–30 cents per kilowatt-hour, according to prices published by power exchange Nord Pool.
At the moment, severe frost and relatively low wind power production are impacting electricity prices.
The price of electricity, however, returned to normal levels in 2023, according to industry association Finnish Energy (ET). Accounting for inflation, last year's prices were 64 percent lower than in 2022.
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