Price of electricity in Finland peaks at 2.35€/kWh today. Keeping my tiny granny cottage warm costs me over 50 euros for a single day. It's negative 25C (-13F) outside.

RIP to those running a 4090 on their rig.

50 Euros a day is insane. That's a good portion of what I pay for a whole month.

Tomorrow is back to normal. Even the 37c/kWh spike hardly registers on the graph compared to today even though that's still pretty expensive.

Do most Finnish people pay spot prices for electricity?

Is there a specific reason the price spiked that much? That's a 950% price hike within four hours.

If you're in a granny cottage then just burn wood instead? Doing this rn and am very happy to go off-grid for ca. 48 hours

Have you tried burning reindeer?

Hang a few blankets or bubble foil against the windows for isolation insulation.

what the fuck?

Someone said -45.5 °C

wow that is crazy. my bill for December was $77 in the US.

How are you using 21kWh/day heating a small home? Do you have any insulation at all?

Wouldn't there be a price cap in events that the wholesale market has anomalies like this? That's standard in most jurisdictions. The wholesale price is still "real" because there's some system or market condition reflected in this spike, it's just not normal for ratepayers at the distribution level to not have a price cap protection. It's like the opposite scenario if the price isn't high enough to cover the cost in actually delivering the energy and running the grid, so a Global Adjustment would come in to effect to cover the difference. There can even be surplus conditions where the price is in the negative.

Is heating with electricity common in Finland? That seems like it would cost a fortune even in good times.

i keep a pile of coal in the cellar for the extra cold days

Finland has more than 330 hydro power plants, with total capacity of over 3,100 megawatts in 2022. Hydro accounted for 18% of Finland’s total installed power generation capacity and 22% of total power generation in 2021.

WTFINLAND

Hydro-Québec Production main power plants (2020) Total Others (49 hydro, 1 therma) - 13302 MW

That is an insane price, and it feels like it should be illegal.

Further integration at an EU level would allow energy supply to be less influenced by local issues.

Ouch.

Meanwhile, in Portugal, my peak energy price will be around €.10, with the minimum at around €.06

To what degree is your house insulated already?

What was the price before the Ukrainian war?

How's the heat pump gang doing in that kind of temperature?

What’s the renewable energy like in a Finland during the winter? Solar, wind, or geothermal common and working?

Get her a space heater, you won't even notice the difference in your bill.

I recommend getting one that blows air instead of one that just heats oil. I've used both types, and the one that blows air is way more effective.

Crazy how it is with dynamic electricity price. Must be extremely inconvenient to monitor and react!

Here a border away in Saint Petersburg, Russia, we have electricity at a fixed rate of 4,9c/kWh in daytime and 2,7c/kWh in the night. There aren't any variable price tariffs in here, so the bill is always about the same.

We also have central heating (part coal/gas, part nuclear) that goes for 21€/Gcal (1,8с/kWh), so there is no need to expend electricity.

I'm sorry. At least when it gets to negative 40 you won't have to translate it from C to F.

Calls on Foam and Mineral Wool?

It peaked there right? So the rest of the day it was lower wasn't it? Still very expensive!

What's the average price during normal times? In Germany we are usually paying a fixed price, so fluctuations on the market do not reach the customers. However, this price is somewhere between 30 and 40c/kWh.

I honestly don't understand. Isn't Finland one of the countries who should have figured out how to heat a home efficiently a long time ago?

If you voted Liberal, you voted for this. #Leopardsatemyface

Yukhh

Honestly doesn’t seem that bad if it’s just for one day. Maybe invest in something more sustainable in the future?

You need to seriously need to rethink your home. First off, consider getting a radiator heater. These heaters have no fan and are filled with oil to passively heat the air. They are pretty efficient and can heat a small space.

Next make sure you have blinds covering all windows. Windows loss a lot of heat even if they are double paned.

In the spring time it may be worth getting some insulation blown in.