Finland’s Electricity Prices Fall Below Zero

Surging hydroelectric power, new nuclear reactors online, and an influx of solar and wind capacity additions sent electricity prices in Finland below zero on Wednesday, in a stark reversal from last year when residents were warned of shortages after Russia cut off pipeline gas supply to its EU neighbor.   “The average price for the day is now slightly, but nevertheless, on the negative side. Yes, it is historic,” Jukka Ruusunen, chief executive officer of grid operator Fingrid, told local news outlet Yle. Abundant meltwater is…


Categories: Energy