In May 2024, the average electricity prices in Estonia, Latvia, and Lithuania were significantly higher compared to Finland, as reported by Nord Pool. Various factors such as long-term maintenance works at power plants and transmission capacity constraints between countries influenced the prices in the region.

The future prices of electricity and gas, as forecasted by derivative instruments, indicate a peak in the first quarter of 2025. Additionally, the average gas price traded on the Baltic-Finland gas exchange, GET Baltic, was also included in the overview.

The report further covers a comparison of electricity and gas packages, revealing insights into the most cost-effective options available in the market as of June 17, 2024.