Experts say electricity prices may remain lower in the coming months as the undersea Estlink 2 cable is operating again and the start of a lower-consumption season. The Middle East crisis will become more noticeable after the summer season ends.
The price of exchange-traded electricity was below one cent per kilowatt-hour on Sunday morning and before noon.
Fuel seller Alexela said low prices at this time of year are typical. In spring and summer, there are increasingly more hours when renewable energy drives electricity prices down. The colder months at the beginning of the year did not prompt Alexela’s customers to switch packages.
“Instead, the trend was that new customers joined. Our existing customers switched packages at a normal rate, as they had already chosen fixed or newer solutions. Of the new customers, nearly 80 percent chose a fixed solution,” said Ester Ausmees, head of the private customers and small businesses at Alexela.
Customers do not tend to change packages frequently despite the uncertain situation.
Read more: ERR.EE
