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Estonian Power Prices Shatter 2026 Record, Exceeding €500/MWh
Estonia's average electricity price surged to a new yearly high of €241 per megawatt-hour on Monday, more than doubling from the previous day and peaking above €500/MWh in a display of severe instability across the Baltic energy market.
- —The average electricity price in Estonia's Nord Pool pricing area on Monday, January 25, 2026, is €241 per megawatt-hour, marking the highest price level seen so far in the year.
- —Electricity prices are expected to peak significantly during the day, exceeding €500 per megawatt-hour at certain times, particularly around midday.
- —The price surge represents a more than twofold increase compared to the previous day, with specific sources indicating a 121.1% rise.
- —Overnight and early morning hours will see lower prices, dipping below €100 per megawatt-hour, before a sharp increase begins around 6:30 a.m.
- —Similar high price levels are anticipated in Latvia and Lithuania, while Finland's prices are expected to be lower.
Recap
Estonia's electricity market is demonstrating critical instability, with prices hitting a 2026 record and more than doubling in 24 hours. The extreme intraday volatility, peaking over €500/MWh, is not attributed to a specific, singular failure in current reporting, suggesting deeper systemic vulnerabilities. The significant price gap with Finland underscores a fractured regional energy landscape, posing economic risks for the Baltic states.