Prices in Finland and Sweden were up to 1.5 times lower than in Estonia at the same time.
78% confidence
EconomySpain
Omissions
The claim uses colloquial language ('up to 1.5 times lower') which is mathematically imprecise - this typically means Nordic prices were about 2/3 of Estonian prices
Estonian prices spiked due to a deep freeze and high demand in January 2026 while Nordic countries benefited from abundant hydroelectric power
The 1.5x ratio represents a snapshot during peak periods rather than sustained average throughout January
Source is journalistic (ERR News) rather than primary Nord Pool data
Data sourced from ERR News published on January 30, 2026, which the MEP could have known
Sources
PrimaryNord Pool Official Data PortalDay-ahead electricity prices for Nordic bidding areas including Finland (FI), Sweden (SE), and Estonia (EE) for January 2026
SecondaryERR News - Estonian Public BroadcastingEstonia saw record electricity prices in January 2026, reaching an average of over €154 per megawatt-hour (MWh)
SecondaryGridio - Energy Price AnalyticsJanuary 2026 electricity prices comparison showing Estonia at 0.117 €/kWh (€117/MWh baseline) with Nordic price variations