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Overview of Energy Markets in June 2024 by Competition Authority

25.07.2024 | 🇪🇪 Estonian competition authority

The Competition Authority provides insights into the energy market dynamics in June 2024, highlighting factors influencing electricity prices in the Baltic region and Finland.


In June 2024, the average electricity market prices in Estonia, Latvia, and Lithuania were significantly higher than in Finland, with Estonia experiencing maintenance works affecting prices.

The electricity market prices in Estonia were also impacted by transmission capacity constraints between Estonia and Finland, as well as Estonia and Latvia.

Future price forecasts indicate the highest projected electricity and gas prices in the first quarter of 2025.

The overview also includes the average price of traded natural gas on the Baltic-Finland gas exchange, along with a comparison of electricity and gas package prices.

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