Electricity prices in Finland rise to the highest level of the winter on Monday, driven by severe cold, weak wind conditions and rising weekday demand.
The average tax-inclusive spot price for the day stands at just over 38 cents per kilowatt hour. The figure marks a sharp increase from recent days and ranks as the highest daily average recorded so far this winter.
Prices spike early in the morning.
Between 7.45 and 8.00 am, electricity costs reach 61.23 cents per kilowatt hour. This is the most expensive quarter-hour period of the day and one of the highest short-term prices seen this season.
After seven o’clock, the price climbs rapidly towards 50 cents per kilowatt hour and remains close to that level until early evening. From eight in the morning until around five in the afternoon, hourly prices stay above 50 cents. Electricity costs fall below 40 cents per kilowatt hour only after nine in the evening.
January has seen repeated price surges, linked to cold temperatures and limited wind power generation. Ice accumulation on wind turbine blades has further reduced output, while calm weather has restricted production across large parts of the country.
Compared with Sunday, the increase appears steep. Market prices on Monday are several times higher than the previous day.
Forecasts from the Finnish Meteorological Institute point to widespread cold across the country. In the Helsinki region, temperatures drop to minus 28 degrees Celsius during the morning. Northern Finland sees slightly milder conditions, though afternoon temperatures in Inari still approach minus 20 degrees.
The average electricity price for January stands at 14.7 cents per kilowatt hour, including tax. The figure is more than double the average recorded a year earlier, when prices remained below seven cents per kilowatt hour.
HT