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Published: 19 June 2014

Warm early part of the year decreased prices of coal and natural gas

The consumption of coal and natural gas decreased as a result of the warm beginning of the year and their prices in heat production also fell. According to Statistics Finland's data, the price of milled peat used in heat production was 3 per cent lower in the first quarter of the year than one year earlier. The price of forest chippings rose by under 4 per cent from one year before.

Fuel Prices in Heat Production

Nordic water reserves were on average level during the first quarter of the year. The price of electricity on the Nordic electricity exchange decreased by around 20 to 30 per cent during the first quarter. The consumer prices of electricity grew by approximately one per cent. The prices of electricity for enterprise and corporate clients declined by a couple of per cent apart from the largest user groups for whom prices increased slightly.

The price of natural gas used in heat production decreased by around 8 per cent and the price of coal dropped by nearly 6 per cent from one year ago. The price of wood pellets used by consumers increased by almost 9 per cent. Prices of transport fuels declined in the first quarter as did the price of light fuel oil. The excise duties of transport fuels rose at the turn of the year.

Source: Statistics Finland, Energy prices

Inquiries: Ville Maljanen 029 551 2691, 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 (19.6.2014)
• Appendix table 2. Energy prices in heat production in March 2014 (19.6.2014)
• Appendix table 3. Prices of heating energy in March 2014 (19.6.2014)

Figures

• Appendix figure 1. Import prices of oil (19.6.2014)
• Appendix figure 2. Consumer prices of principal oil products (19.6.2014)
• Appendix figure 3. Fuel prices in heat production (19.6.2014)
• Appendix figure 4. Fuel prices in electricity production (19.6.2014)
• Appendix figure 5. Price of electricity by type of consumer, c/kWh (19.6.2014)
• Appendix figure 6. Average monthly spotprices at the Nord Pool Spot power exchange (19.6.2014)

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Updated 19.6.2014