The stock market price of electricity dropped below Thursday’s spike on Friday and remained affordable on Saturday. Over the weekend, exchange electricity users can enjoy cheaper prices as the weekend progresses. 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 significant spike in exchange electricity prices on Thursday was mainly due to a drop in wind power production. The nuclear power plants Olkiluoto 2 and Olkiluoto 3 are currently not producing electricity, and delays have 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. However, in the long-term forecast, it is expected that they will start rising again after the summer.
