The outlook for winter electricity prices appears to be considerably more favourable than last year, according to Finland's grid operator Fingrid and the industry association, Finnish Energy.
Based on future electricity price predictions, the cost of electricity is projected to be slightly under seven cents per kilowatt-hour at the beginning of next year. This figure excludes transmission costs, taxes and the seller's margin.
Jukka Ruusunen, CEO of Fingrid, attributes these promising prospects primarily to an increase in electricity production within Finland.
Additionally, international electricity markets have stabilised as Europe has managed to reduce its reliance on gas and coal imported from Russia.