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Published: 18 September 2013

Prices of hard coal and natural gas fell in the second quarter

The prices of hard coal and natural gas used in electricity and heat production made a downturn in the second quarter. Prices of domestic fuels continued rising according to Statistics Finland's data. Prices of district heat went up by seven to eight per cent depending on the consumption category. Of transport fuels, the prices of diesel and petrol went down. The prices for small users of electricity have risen in the early part of the year, and the prices of bigger consumers of electricity also made an upturn in the second quarter.

Fuel Prices in Heat Production

The prices of the Nordic electricity exchange have been on the rise since March. Higher prices in the Nordic electricity market than in the previous year and low prices of emission rights also made it possible for the production of coal condensate electricity to quadruple in the first half of the year.

The price of milled peat used in heat production was 44 per cent higher in the second quarter of the year than one year earlier. The price of forest chippings went up by over 10 per cent from one year earlier and at the same time, their consumption was growing. The prices of hard coal and natural gas used in heat production decreased by some three per cent from one year ago in the second quarter of 2013. Of transport fuels, the prices of diesel and petrol went down by some two per cent, as did the price of light fuel oil compared to one year earlier. The price of consumer pellets increased by 1.8 per cent in August compared to one year ago.

A majority of energy prices consists of excise duty and value added tax. For hard coal used for heating by consumers the share of taxes is already above 70 per cent, for natural gas nearly 40 per cent and for light fuel oil over 30 per cent.

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 (18.9.2013)
• Appendix table 2. Energy prices in heat production in June 2013 (18.9.2013)
• Appendix table 3. Prices of heating energy in June 2013 (18.9.2013)

Figures

• Appendix figure 1. Import prices of oil (18.9.2013)
• Appendix figure 2. Consumer prices of principal oil products (18.9.2013)
• Appendix figure 3. Fuel prices in heat production (18.9.2013)
• Appendix figure 4. Fuel prices in electricity production (18.9.2013)
• Appendix figure 5. Price of electricity by type of consumer, c/kWh (18.9.2013)
• Appendix figure 6. Average monthly spotprices at the Nord Pool Spot power exchange (18.9.2013)

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Updated 18.9.2013