Home > Statistics > Energy prices > 2012 > 2nd quarter > Price of electricity began to fall

Published: 18 September 2012

Price of electricity began to fall

The total price of electricity fell for all consumer groups in the second quarter of the year. The consumer prices of electricity began to fall after the first quarter. The prices of electricity for enterprise and corporate clients have been falling for a longer time already. The prices of district heat rose for all consumer groups, and those of transport fuels also went up in the second quarter.

Energy prices in heat production in Juni 2012

Energy source	1) Price €/MWh	Annual change-%
2) Hard coal (VAT 0%)	28.71	-6.1
Natural gas (VAT 0%)	47.62	11.5
Forest chips (VAT 0%)	18.63	-0.4
Milled peat (VAT 0%)	13.12	3.3

1) Inclusive of excise duties. The prices of forest chips and milled peat are from the second quarter.
2) The prise is preliminary.

Consumer prices of heating energy in Juni 2012

Energy source	1) Price €/MWh	Annual change-%
Light fuel (VAT 23%)	105.0	-1.5
Household energy, K2 (VAT 23%)	149.8	-2.7
District heat, terraced house / low-rise block of flats (VAT 23%)	70.14	5.6

1) The price of district heat is from July 2012

The consumer prices of electricity fell by between about one and four per cent year-on year by consumer group in the second quarter. The prices of electricity for enterprise and corporate clients fell by around ten per cent year-on-year in the second quarter. The system price of the Nordic electricity exchange was 40 to 50 per cent and the area price for Finland 30 to 40 per cent lower in the second quarter than one year earlier. In the first half of the year, electricity consumption decreased by 2.4 per cent in Finland.

The consumer price of district heat was in July about three to six per cent higher, on the average, than one year previously. The price of milled peat used in heat production was three per cent higher in the second quarter of the year than twelve months earlier. The price of forest chippings fell by 0.4 per cent from one year back. The price of coal used in separate heat production fell by some four per cent. The price of natural gas was 14 per cent higher in heat production than one year earlier. The price of motor gasoline was about six per cent higher, on the average, and that of diesel oil some 11 per cent higher in the second quarter than twelve months previously.

Source: Statistics Finland, Energy prices

Inquiries: Pentti Wanhatalo 09 1734 2685, energia@stat.fi

Director in charge: Leena Storgårds

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Appendix tables

• Appendix table 1. Energy taxes, precautionary stock fees and oil pollution fees (18.9.2012)

Figures

• Appendix figure 1. Import prices of oil (18.9.2012)
• Appendix figure 2. Consumer prices of principal oil products (18.9.2012)
• Appendix figure 3. Fuel Prices in Heat Production (18.9.2012)
• Appendix figure 4. Fuel prices in electricity production (18.9.2012)
• Appendix figure 5. Price of electricity by type of consumer, c/kWh (18.9.2012)
• Appendix figure 6. Average monthly spotprices at the Nord Pool Spot power exchange (18.9.2012)

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Updated 18.9.2012