More storage keeping electricity price above zero in Estonia
Smaller differences between morning and evening peak hour prices and those in the middle of the day primarily reflect growth in electricity storage capacity, which has reduced the amount of excess renewable energy generation reaching the market.
Estonia is experiencing electricity prices that remain above zero, largely due to an increase in electricity storage capacity. This growth in storage has effectively absorbed excess renewable energy that would otherwise flood the market. Consequently, the price disparities between peak demand periods, such as morning and evening, and the midday have diminished. The market is seeing less volatility as a result of this improved storage management.
Increased electricity storage capacity helps stabilize energy prices and better integrate renewable energy sources into the grid.
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