• Fri. Dec 1st, 2023

New Opportunities Arise: Electricity Exchange Prices Increase While Fixed Contract Rates Decrease


Nov 21, 2023

If you’re looking for ways to compare your electricity contract with other options, HS’s calculator is a great tool. Currently, the exchange price of electricity has reached levels not seen since the energy crisis last winter. On Tuesday, the price of electricity on the exchange reached as high as 96.4 cents per kilowatt hour, but at an average price of 35.7 cents per kilowatt hour for the day. The increase in prices is due to weak wind power production and the interruption of electricity production in the third unit of the Olkiluoto nuclear power plant.

According to TVO’s estimate, electricity production will resume in the Olkiluoto nuclear power plant on Tuesday afternoon. However, even without these factors, exchange-traded electricity contracts have been able to offer lower prices compared to other contract types during the beginning of the year by scheduling their use for favorable hours. The fact that stock exchange electricity rises from time to time during windless winter days is not surprising, but now with the interruption of Olkiluoto 3’s electricity production, prices have spiked exceptionally steeply.

To help you make informed decisions about your electricity contracts, HS offers a calculator that allows you to compare your own contract with available options. When it comes to electricity contracts, fixed transfer prices are always paid to your network company and there are taxes involved that are not taken into account when using this calculator. With its easy-to-use interface and comprehensive information on current market conditions and pricing trends, HS’s calculator is an excellent resource for anyone looking to get more out of their electricity contracts.

Leave a Reply