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In the Finnish market the situation changed drastically during 2022-2023 as the energy market futures went through the roof and fixed-price contracts became cra
by terom 3y ago
In the Finnish market the situation changed drastically during 2022-2023 as the energy market futures went through the roof and fixed-price contracts became crazy expensive (10-20× "normal" kWh prices). I'm not sure if there are any official public statistics, but a recent news article [1] puts eg. 30% of consumers on spot price contracts, and during the spring they were the vast majority (70%) of new contracts.
The news media reporting is mostly about the people locked into two-year 30-60c/kWh contracts, and not the people paying the recent <3c/kWh spot price averages.
Recently [2] a combination of several simultaneous planned/unplanned outages and low wind power generation have bumped the spot market prices back up again, so let's see.
[1] https://www.aamulehti.fi/talous/art-2000009773460.html https://www.aamulehti.fi/talous/art-2000009773460.html
[2] https://www.fingrid.fi/ajankohtaista/tiedotteet/2023/monet-yhtaaikaiset-tapahtumat-vaikuttavat-sahkon-hintaan/ https://www.fingrid.fi/ajankohtaista/tiedotteet/2023/monet-y...