Analytics, Energy, Energy Market, Estonia
International Internet Magazine. Baltic States news & analytics
Tuesday, 19.03.2024, 10:09
Eesti Energia: Warmer weather kept electricity price low in November
The free market price of electricity was kept on the
previous level also by lower Nordic hydro stocks and the price of carbon
dioxide emission credits remaining on the previous month's level.
Compared with October, the price of electricity in
price area Estonia declined 4.11 percent to 45.72 euros per megawatt-hour. Year
over year, the average price climbed 13.11%.
The balance of Nordic hydro stocks dropped by 7.08
terawatt-hours (TWh) compared with October. The price of carbon emission
credits slid 0.69% on month to 24.55 euros per ton.
The price of electricity declined in all price areas
compared with October. The average price for Lithuania in November was 44.7
euros, the average price for Latvia 45.26 euros, the average price for Finland
45.71 euros and the average price for Poland 50.69 euros per megawatt-hour.
Gas prices meanwhile moved up due to the beginning of the
heating season. On the Gaspool market, the price rose 4.2% on month to
15.88 euros per megawatt-hour. Year over year, a drop of 36.39% was
registered, however.
The oil market rose as a result of the trade rift between
the United States and China and the market's expectation that the OPEC deal on
production cuts will hold longer. The price of crude climbed 5.16% month
over month to 62.71 US dollars per barrel in November.