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Published: 20 March 2014

Heat production with imported fuels was cheaper than before

Prices of domestic fuels continued rising, which partially affected the rise in district heat prices by two to four per cent in different consumption categories. The price of milled peat used in heat production was 19 per cent higher in the fourth quarter of the year than one year earlier. According to Statistics Finland's data, the price of forest chippings rose by under eight per cent from one year before. The prices of transport fuels and light fuel fell, which was partially caused by cheaper crude oil. Energy taxes for electricity and transport fuels increased from the beginning of the year.

Fuel Prices in Heat Production

Nordic water reserves have been smaller than average in late 2013 but improved towards year end. Not much hydro electricity has been available. In December, the prices of the Nordic Power Exchange made a downturn of over 20 per cent. The prices of bigger consumers of electricity also made an downturn in December depending on the tariff category.

The price of natural gas used in heat production decreased by around one per cent and the price of hard coal dropped by over three per cent from one year ago. The price of wood pellets used by consumers increased by almost 12 per cent. Of transport fuels, the prices of diesel and petrol went down by some three to four per cent, as did the price of light fuel oil in the fourth quarter of 2013 compared to one year earlier.

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 (20.3.2014)
• Appendix table 2. Energy prices in heat production in December 2013 (20.3.2014)
• Appendix table 3. Prices of heating energy in December 2013 (20.3.2014)

Figures

• Appendix figure 1. Import prices of oil (20.3.2014)
• Appendix figure 2. Consumer prices of principal oil products (20.3.2014)
• Appendix figure 3. Fuel prices in heat production (20.3.2014)
• Appendix figure 4. Fuel prices in electricity production (20.3.2014)
• Appendix figure 5. Price of electricity by type of consumer, c/kWh (20.3.2014)
• Appendix figure 6. Average monthly spotprices at the Nord Pool Spot power exchange (20.3.2014)

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Updated 20.3.2014