🇫🇮 Electricity spot price in Finland today – July 24, 2024

Electricity spot prices in Finland today, hour by hour. Including prices for the last 30 days.

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Electricity price today in Finland

Right now the price of electricity in Finland is   0.024 €/kWh +55,8 %

Highest electricity price today is 0.100 €/kWh at 19-20 Lowest electricity price today is 0.016 €/kWh at 00-01 On average the electricity price today is ~0.031 €/kWh
Detailed tabled Last 30 days

A shower costs today
0.14 € in Finland

Lowest price today: 0.60 € Highest price today: 0.09 €

10 min, 160 l of water = ~6 kWh

A bath costs today
0.18 € in Finland

Lowest price today: 0.75 € Highest price today: 0.12 €

200 liters of water = ~7,5 kWh

An oven at full blast all day costs today
0.74 € in Finland

 

1000W x 24 hours = 24 kWh

Boil 1 liter of water costs today
<0.01 € in Finland

Lowest price today: 0.01 € Highest price today: <0.01 €

Hot plate for 4 min = ~0,12 kWh

Bake a pizza costs today
0.03 € in Finland

Lowest price today: 0.11 € Highest price today: 0.02 €

Oven for 30 min = ~1,1 kWh

Charge an electric car costs today
1.08 € in Finland

Lowest price today: 4.50 € Highest price today: 0.70 €

Nissan Leaf 10-80% = ~45 kWh

More examples
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Electricity market in Finland: An overview

Sources of electricity in Finland

Finland's energy landscape is diverse, with a significant portion of its electricity generated from various sources. The country has a strong focus on sustainability and efficiency in its energy production. The primary source of electricity in Finland is nuclear power, which plays a pivotal role in the nation's energy strategy. Nuclear energy offers a reliable and low-carbon source of electricity, aligning with Finland's commitment to environmental responsibility and greenhouse gas reduction.

Nuclear Power plant

Alongside nuclear energy, Finland also harnesses power from other sources. These include hydroelectric, wind, and biomass energy. Each of these sources contributes to the national grid, ensuring a balanced and sustainable energy mix. This diversity not only helps in maintaining energy security but also in reducing dependency on fossil fuels, marking a step towards a greener future.

Smart meters and electricity plans in Finnish households

In line with European Union regulations, Finland has achieved a significant milestone in energy management by installing smart meters in 100% of households. These advanced meters measure electricity usage every hour, providing precise and real-time data. This technological advancement plays a crucial role in energy conservation and helps consumers monitor and manage their electricity consumption more effectively.

Most Finnish households have an electricity plan that is closely linked to the current spot price, as displayed on this page. These plans allow consumers to benefit from fluctuations in electricity prices, which vary from hour to hour. This dynamic pricing model empowers consumers to adjust their usage according to the price changes, potentially leading to cost savings and more efficient use of energy resources.

Finland's role in the EU electricity market

Finland is an integral part of the European Union's electricity market. This interconnectedness means that the country not only contributes to but also benefits from the shared energy resources and policies within the EU. Being part of this larger market enhances Finland's energy security and stability, as it can import or export electricity based on demand and supply dynamics.

The EU electricity market is guided by principles of open competition, transparency, and sustainability. Finland's participation in this market aligns with these principles and allows the country to be at the forefront of evolving energy trends and technologies. This integration is pivotal in promoting innovation, efficiency, and renewable energy adoption across the region, furthering the EU's goals of creating a more sustainable and resilient energy landscape.


Energy saving tips

Charge the electric car when electricity is cheapest

The price of electricity can fluctuate a lot during the day and charging an electric car consumes a lot of electricity. With the cost of electricity today in Finland it is 3.80 € cheaper to charge at the hours with the lowest price.

Take a shorter shower or install an energy-saving shower

With the energy-saving shower, you can save up to 50% energy compared to standard shower heads. Or you can shower half the time. With the electricity price today in Finland you can save 0.07 € for each shower.

Questions and answers about electricity

What is spot price?

Most electricity companies in Europe buy electricity on a common market place, such as Nord Pool. All power plants that produce electricity and electricity companies that supply electricity to homes and businesses meet there. Based on supply and demand, prices are set for each hour and each area, one day in advance. Some countries, such as Norway, are divided into several different price areas, each of which has its own spot price.

More questions and answers


All prices are current open market spot prices in the day-ahead segment without local vat, tax or other additions.

Timezone is Central European Time (CET) with Daylight Saving Time (DST). Current time: Wed, 24 Jul 2024 13:14

Data source is ENTSO-E