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Recovering from the pandemic and Russia's attack on Ukraine led to steep rises in energy commodity prices

release | Energy prices 2022, 3rd quarter

Change

Datanase tables Day-ahead prices of the Nordic power exchange (12gc) and Price of Electricity by Type of Consumer (12gv) are no longer updated.
Read more about the change

In the third quarter of 2022, the price of was an average of 40 to 60 per cent higher than one year ago. According to Statistics Finland, prices went up most for households consuming little electricity and least for households living in electrically heated houses. The running costs of oil-heated homes also rose clearly, because heating fuel oil cost 68 per cent more than one year earlier.

Key points

  • The area price for wholesale electricity in Finland tripled in the third quarter of 2022 compared to  the price one year ago.
  • Consumer prices of electrical energy rose by an average of 40 to 60 per cent in the third quarter of 2022 from one year ago. The price of electricity went up most in households consuming little electricity and least in households heating their homes with electricity.
  • The prices of petrol and diesel fell by six to seven per cent from the summer peak prices in the third quarter of 2022. 
  • The tax-free prices of natural gas and hard coal increased 3.5-fold in the third quarter of 2022 compared to one year ago. 

Change

Datanase tables Day-ahead prices of the Nordic power exchange (12gc) and Price of Electricity by Type of Consumer (12gv) are no longer updated.
Read more about the change

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Updated database tables
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      Statistical experts

      Inquiries primarily
      Service email
      energia@stat.fi
      Marianne Rautelin
      Senior Statistician
      029 551 3421
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      Head of Department in charge