On Friday, the price of electricity on the stock market decreased significantly from Thursday’s spike. The hourly rate remained affordable throughout Saturday, with Fingrid’s hourly price mobile application indicating that the cheapest price was at 3 PM on Saturday, at 1.65 cents per kilowatt-hour.
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 due to maintenance work. Olkiluoto 3 is expected to resume electricity production on May 8, while Olkiluoto 2’s maintenance shutdown 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 before rising again on May Day.