Monthly wholesale electricity prices in Estonia 2019-2024

Published by Statista Research Department, Jan 3, 2025

In September 2024, the average wholesale electricity price in Estonia amounted to 84 euros per megawatt-hour.

Between January 2021 and August 2022, electricity prices in the Baltic country increased by nearly seven-fold, reaching more than 360 euros per megawatt-hour in the latter month. The price increase was the result of numerous factors, including increased heating demand due to cold winters, a rise in natural gas and coal prices, and a shortage of gas supply following Russia's invasion of Ukraine.

Average monthly electricity wholesale price in Estonia from January 2019 to September 2024 (in euros per megawatt-hour)

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Release date

January 2025

Region

Estonia

Survey time period

January 2019 to September 2024

Special properties

day-ahead prices

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