Electricity prices in Estonia 2025
In 2025, the average wholesale day-ahead electricity price in Estonia was € 0.0811 /kWh (▼7% vs 2024). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2025
| Month | €/MWh | €/kWh | MW |
|---|---|---|---|
| January 2025 | € 91.35 | € 0.0913 | 1,023 |
| February 2025 | € 151.89 | € 0.1519 | 1,100 |
| March 2025 | € 91.27 | € 0.0913 | 1,010 |
| April 2025 | € 73.66 | € 0.0737 | 891 |
| May 2025 | € 67.77 | € 0.0678 | 830 |
| June 2025 | € 41.17 | € 0.0412 | 783 |
| July 2025 | € 37.00 | € 0.0370 | 747 |
| August 2025 | € 77.41 | € 0.0774 | 755 |
| September 2025 | € 82.08 | € 0.0821 | 797 |
| October 2025 | € 89.86 | € 0.0899 | 875 |
| November 2025 | € 94.97 | € 0.0950 | 924 |
| December 2025 | € 74.80 | € 0.0748 | 988 |
Estonia's electricity sector is undergoing a rapid pivot away from oil shale, the carbon-intensive sedimentary rock that powered the country for 60 years. As recently as 2018 oil shale provided over 75% of generation; by 2025 the share had dropped to under 25% and is targeted to end by 2035. Elering, the national TSO, runs the EE bidding zone within the Baltic synchronous area — set to fully desynchronize from the Russian IPS/UPS system in February 2025 and join the Continental European grid via the LitPol Link and Harmony Link to Poland.
Wind has expanded to ~25% of generation; solar PV now exceeds 700 MW. The Estlink-1 and -2 HVDC cables to Finland make Estonia tightly coupled to Nordic prices, especially during low-wind winter weeks.
The first nuclear reactor is being studied for the late 2030s but no final investment decision has been taken.