According to Nord Pool, the average electricity price in Estonia for November 2024 was €82.56/MWh, while Latvia and Lithuania reported prices of €88.75/MWh and €88.66/MWh, respectively. In contrast, Finland had a significantly lower average price of €45.34/MWh.

Future projections based on derivative instruments indicate that the expected electricity price will peak in January 2025 at €115.86/MWh, with gas prices also expected to be highest in the first quarter of 2025 at €45.09/MWh.

The report also highlights the average gas price traded on the Baltic-Finnish gas exchange GET Baltic, which was €45.38/MWh in November, according to the Baltic Gas Spot Index (BGSI). Additionally, a comparison of electricity and gas package prices shows that as of January 6, 2025, the most affordable electricity package was the market package, while the variable price package was the cheapest for gas.