Electricity prices in Estonia have risen sharply following the country’s disconnection from the Russian power grid over the weekend. This move has forced the Baltic states to rely on electricity supplied via Finland, Sweden, and Poland, replacing decades of Russian power imports.
Since Estonia switched to the European electricity system, the average price of electricity has surged. The price has increased from €126 per MWh last week to €191 per MWh, marking the highest rate in 2025 so far.
Experts attribute the price hike to several factors, including low wind, lack of sunshine, increased gas prices, and recently damaged infrastructure. “Less wind this week, higher electricity consumption due to colder weather, and a slight increase in gas price,” said Elering, the electricity and gas transmission system operator.
Gas prices have also reached record highs on the Dutch TTF, though they are expected to decrease. The Baltic region is facing reduced connections after the disconnection from the Russian system. Additionally, the underwater Estlink 2 cable has been damaged by an anchor and is currently out of service. If the Lithuanian-Swedish cable were fully operational, electricity prices would likely be significantly lower.
