According to the statistics of the Energy Agency, last year the price of electric energy rose by an average of 142 percent in Finnish households and by 106 percent for electric heaters.

The total price of electricity, including energy, transmission and taxes, rose by an average of 53 percent for households and 47 percent for electric heaters.

According to the Energy Agency, the offer prices for new open-ended contracts rose by 353 percent for households and 131 percent for electric heaters last year.

The prices of new two-year fixed-term contracts rose by 112 percent for households and by 119 percent for electric heaters.

At the moment, several electricity sellers offer only exchange electricity contracts as new contracts, and different types of contracts are no longer available as widely as before, says the Energy Agency.

However, household electricity prices fluctuated even more last year, as some households still have cheaply priced fixed-term electricity contracts.

According to the Energy Agency, the taxable transfer price of electricity decreased by about 0.6 percent on average last year.

During 2022, 12 distribution network companies increased transmission prices by an average of 4.6 percent and eight decreased them by an average of 5.4 percent. 14 companies implemented temporary discounts.

Wholesale prices rose across Europe

In the grip of the energy crisis, wholesale electricity prices have risen sharply throughout Europe. According to the Energy Agency, the regional price in Finland rose to an all-time record and was an average of 154 euros per megawatt hour last year. From 2021, it increased by 113 percent.

After Russia’s energy imports ended in May 2022, electricity price fluctuations were increased, especially by the increase in the amount of production, which varies according to the weather.

The limited transmission capacity also caused price differences between the different offer areas of the wholesale market. For example, price uniformity with Northern Sweden fell to a record low.

According to the Energy Agency, Finnish electricity production remained almost unchanged compared to 2021. On the other hand, Finns consumed significantly less electricity last year.

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