During the month, electricity prices fluctuated from minus 7 euros to 441 euros per MWh.
82% confidence
EconomyEstonia
Omissions
The peak price actually exceeded €500/MWh according to ERR, which is higher than the €441/MWh claimed. The claim understates the maximum price reached.
Source is journalistic (ERR) citing Nord Pool data, not primary Nord Pool database directly.
Data published in news sources after the session date (March 10, 2026) but referring to January 2026 data which would have been available to the MEP.
Sources
SecondaryERR (Estonian Public Broadcasting)On Monday in January 2026, the average electricity price in the Nord Pool Estonia pricing area was €241 per megawatt-hour. At its peak, the price exceeded €500 per unit.
SecondaryERR (Estonian Public Broadcasting) - Monthly ReviewAmid a deep freeze, Estonia saw record electricity prices in January 2026, reaching an average of over €154 per megawatt-hour (MWh) driven by outages.
SecondaryGridioJanuary 2026 delivered one of the most drastical electricity price spikes in recent Nordic history. Cold weather, reduced wind generation, and high heating demand drove prices up.