Electricity prices in Finland 2025
In 2025, the average wholesale day-ahead electricity price in Finland was € 0.0407 /kWh (▼11% 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 | € 52.79 | € 0.0528 | 11,139 |
| February 2025 | € 47.48 | € 0.0475 | 11,388 |
| March 2025 | € 48.04 | € 0.0480 | 10,521 |
| April 2025 | € 47.68 | € 0.0477 | 9,572 |
| May 2025 | € 18.05 | € 0.0181 | 8,907 |
| June 2025 | € 18.22 | € 0.0182 | 8,113 |
| July 2025 | € 24.24 | € 0.0242 | 8,062 |
| August 2025 | € 55.43 | € 0.0554 | 8,394 |
| September 2025 | € 41.81 | € 0.0418 | 8,384 |
| October 2025 | € 49.61 | € 0.0496 | 9,343 |
| November 2025 | € 48.47 | € 0.0485 | 10,427 |
| December 2025 | € 36.36 | € 0.0364 | 10,985 |
Finland's electricity mix changed dramatically when the 1 600 MW Olkiluoto-3 reactor came online in 2023 — Europe's largest, after delays of over a decade. Together with Loviisa and the older Olkiluoto units, nuclear now covers around 40% of generation; hydro from the northern Kemi and Oulu rivers adds another 25%. Fingrid, the national TSO, operates the FI bidding zone within the Nordic synchronous area and runs the country's connection to the Russian IPS/UPS grid (suspended since May 2022).
Wind has grown extraordinarily fast — from 2 TWh in 2015 to over 18 TWh in 2024 — making Finland a structural exporter to the Baltic states. Day-ahead prices on Nord Pool occasionally drop below zero on windy spring nights when reservoirs and reactors stay at base load.
The Hanhikivi-1 reactor project with Rosatom was cancelled in 2022; new SMR reactors are under feasibility study.