Electricity Market Price Trends: Navigating Fluctuations in Supply and Demand
The stock market price of electricity decreased to a level much lower than Thursday’s spike on Friday. Moving into Saturday, the hourly price remained affordable. According to Fingrid’s hourly price mobile application, the price of electricity on the stock market fell to 1.802 cents per kilowatt-hour on Saturday afternoon.
On Thursday, the price of electricity experienced a significant drop below the spike seen earlier in the week. However, in the long-term forecast, it is expected that the price will begin to rise post-summer. Despite this, exchange electricity users can benefit from cheaper prices as the weekend progresses.
The Power of Industry reported delays last Sunday, with nuclear power plant units Olkiluoto 2 and Olkiluoto 3 currently inactive. Maintenance work is ongoing, with Olkiluoto 3 expected to resume electricity production on May 8, following technical issues. Additionally, the maintenance shutdown for Olkiluoto 2 began last Sunday and is anticipated to end on May 6.
Looking ahead, electricity price futures suggest a decrease in May-June, followed by a steady increase as the weather cools down. Prices on the exchange have hovered around 6-8 cents per kilowatt-hour in February-May, with a slight drop to just over 5 cents in April. However, prices rose again on May Day
