Exchange electricity is today Tuesday really expensive practically all day.
For example, between 12:00 and 13:00, electricity costs more than 60 cents per kilowatt hour, including VAT. The price is really high, but still far from the peak of the day. Between 16 and 17 the price jumps to 96.4 cents per kilowatt hour. It is by far the most expensive hourly price of the current year.
On Tuesday, stock exchange electricity costs 35.7 cents per kilowatt hour including taxes. It is also the most expensive daily price of 2023 so far. The price is also expensive compared to the average price in November, which so far is around 9.4 cents per kilowatt hour.
Household appliances using it during expensive hours can suddenly inflate the electricity bill of those using exchange electricity.
For example, taking a sauna for an hour and a half will be more than nine euros more expensive than the average price in October, according to Tuesday’s highest electricity price.
With the calculator below, you can test how much it costs to use various household appliances during Tuesday’s price spike.
By speeding up your shower, you can significantly reduce your electricity bill. With the calculator below, you can compare how much it costs to shower at different electricity prices and how much you can save by cutting your shower times in half.
Tuesday the high prices are due to the turbine malfunctions of the third unit of the Olkiluoto nuclear power plant and the windless frosty day.
Teollisuuden vima (TVO), which runs OL3’s operations, said on Monday evening that Olkiluoto will start producing electricity only on Tuesday evening at 6 p.m. At that time, the power plant will start producing electricity with a power of 1220 megawatts. Normally, the power plant produces electricity with a power of 1600 megawatts.
However, after an expensive Tuesday, users of exchange electricity will get some comfort already on Wednesday. Then, according to Fingrid’s wind power forecast, the wind turbines will start producing electricity on a contract basis. For example, on Wednesday evening at 7 p.m., according to the forecast, the power plants will produce electricity with a power of 5300 megawatts. The total capacity used in the forecast is 6445 megawatts.
