Home > Statistics > Energy prices > 2014 > 2nd quarter > Prices of fossil fuels and electricity decreased in the second quarter

Published: 18 September 2014

Prices of fossil fuels and electricity decreased in the second quarter

The price of hard coal and natural gas used in heat production declined in the second quarter compared with the corresponding period last year. The price of forest chippings rose by some four per cent from one year before. The price of electricity decreased in all user groups. Depending on the user group, a small rise was seen in the price of district heat compared with the previous year.

Fuel Prices in Heat Production

Nordic water reserves were close to the average level in the second quarter. The system price of the Nordic electricity exchange derived from the sell and buy bids on the exchange was approximately 30 per cent lower than one year earlier. Due to electricity transmission restrictions, the Finnish area price remained 20 to 40 per cent higher than the system price but was still on average 13 per cent lower than last year. The prices for small users of electricity decreased by around one per cent. The prices for enterprise and corporate clients fell on average by two to three per cent for smaller consumers and by nearly seven per cent for larger consumers.

The price of natural gas used in heat production fell by around six per cent and the price of coal dropped by nearly five per cent from one year ago. The price of wood pellets used by consumers increased by around nine per cent. The price of light fuel oil decreased by nearly four per cent in the second quarter.

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 (18.9.2014)
• Appendix table 2. Energy prices in heat production in June 2014 (18.9.2014)
• Appendix table 3. Prices of heating energy in Juni 2014 (18.9.2014)

Figures

• Appendix figure 1. Import prices of oil (18.9.2014)
• Appendix figure 2. Consumer prices of principal oil products (18.9.2014)
• Appendix figure 3. Fuel prices in heat production (18.9.2014)
• Appendix figure 4. Fuel prices in electricity production (18.9.2014)
• Appendix figure 5. Price of electricity by type of consumer, c/kWh (18.9.2014)
• Appendix figure 6. Average monthly spotprices at the Nord Pool Spot power exchange (18.9.2014)

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Updated 19.6.2014