Estonia's electricity prices fell 63% to below 4 cents/kWh on Thursday

On Thursday, 4 June, Estonia's electricity prices on the Nord Pool exchange in the Nord price zone fell below 4 cents per kilowatt-hour. This represents a decline of approximately 63% compared with previous days.

On Thursday, 4 June, a significant price drop was recorded on the Nord Pool electricity exchange in Estonia's Nord price zone — the average electricity price fell below 4 cents per kilowatt-hour.

This means that electricity became cheaper on the exchange by approximately 63% over the course of the day. Such price movements are typical for the electricity market, where the price is influenced by wind energy generation, consumption demand, and the situation on neighbouring markets.

Low electricity prices on the Nord Pool exchange are positive news for both household consumers using market-linked contracts and companies that purchase electricity at market prices.