In August 2024, the average wholesale electricity price in Estonia amounted to 106.95 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 August 2024
(in euros per megawatt-hour)
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Ember. (September 11, 2024). Average monthly electricity wholesale price in Estonia from January 2019 to August 2024 (in euros per megawatt-hour) [Graph]. In Statista. Retrieved September 26, 2024, from https://www.statista.com/statistics/1314531/estonia-monthly-wholesale-electricity-price/
Ember. "Average monthly electricity wholesale price in Estonia from January 2019 to August 2024 (in euros per megawatt-hour)." Chart. September 11, 2024. Statista. Accessed September 26, 2024. https://www.statista.com/statistics/1314531/estonia-monthly-wholesale-electricity-price/
Ember. (2024). Average monthly electricity wholesale price in Estonia from January 2019 to August 2024 (in euros per megawatt-hour). Statista. Statista Inc.. Accessed: September 26, 2024. https://www.statista.com/statistics/1314531/estonia-monthly-wholesale-electricity-price/
Ember. "Average Monthly Electricity Wholesale Price in Estonia from January 2019 to August 2024 (in Euros per Megawatt-hour)." Statista, Statista Inc., 11 Sep 2024, https://www.statista.com/statistics/1314531/estonia-monthly-wholesale-electricity-price/
Ember, Average monthly electricity wholesale price in Estonia from January 2019 to August 2024 (in euros per megawatt-hour) Statista, https://www.statista.com/statistics/1314531/estonia-monthly-wholesale-electricity-price/ (last visited September 26, 2024)
Average monthly electricity wholesale price in Estonia from January 2019 to August 2024 (in euros per megawatt-hour) [Graph], Ember, September 11, 2024. [Online]. Available: https://www.statista.com/statistics/1314531/estonia-monthly-wholesale-electricity-price/