The price of electricity experienced a significant drop on Friday, below the spike seen on Thursday. 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. On Saturday afternoon, Fingrid’s hourly price mobile application showed that the price of electricity fell to 1.802 cents per kilowatt-hour. According to the application, the cheapest price of electricity was at 3 PM on Saturday at 1.65 cents per kilowatt-hour while the most expensive was at 7 PM at 4.29 cents per kilowatt-hour.
