Electricity prices rose to a new record high on September 14, beating the previous record set on September 13. The price rose by 4.9%, to EUR 141.6.
Before September 13’s record high, the previous record was set on September 8. The new price is 6.1% higher than that record.
Before that, the record price was set in 2014.
The record prices are being influenced by a lack of wind and hydropower and the rising price of fossil fuels. There are also some temporary disconnections.
Marko Allikson, member of the management board of Baltic Energy Partners, said new records might continue to be set.
“Today, the slightly cheaper area is Poland, where electricity is mainly produced from coal-fired power stations and Poland’s connection with Lithuania is closed until the end of the week,” he said.
“In addition, the work on Estlink 2 in Espoo is limited today, tomorrow and the day after tomorrow, and if all energy prices are high and electricity does not come in from cheaper areas, we will find such a price level and it is not ruled out that these records will be even higher this week.” (ERR/Business World Magazine)
