The spot price for electricity in Finland will spike to nearly 40 cents per kilowatt hour (kWh) on Wednesday morning.
Customers paying hourly market prices for electricity will see the price significantly increase to just below 38 cents per kWh between 9 and 10am on Wednesday, according to Nordic electricity exchange Nord Pool.
However, most of the rest of the day will see hourly prices plummet to less than one cent per kWh, including tax.
As usual, the price spike is being caused by decreased output from wind energy facilities.
At its lowest point on Wednesday, the electricity generated by Finland's wind turbines will amount to around 600 megawatts (MW), while their maximum output can exceed 8,000 MW.
Prices are set to be significantly lower the rest of the day, due to windier weather, producing an anticipated 7,000 MW of electricity.
The last time spot price for electricity saw a similar spike was on 18 December, when the spot price reached nearly 62 cents per kWh.
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