Finland Electricity Prices Drops to BELOW ZERO Due to Efficiency of Nuclear Power Plants

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This is what common sense looks like.

Insider: Finland was dealing with an unusual problem on Wednesday: clean electricity that was so abundant it sent energy prices into the negative. While much of Europe was facing an energy crisis, the Nordic country reported that its spot energy prices dropped below zero before noon (Insider).

Marian L Tupy: Finnish electricity price drops BELOW ZERO after the latest nuclear reactor is switched on. That is what the world could have looked like if the greens did not stop humanity from expanding nuclear power. Remember: nuclear power = no CO2 emissions (Twitter)

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Finnish Nuclear Plant Throttles Output After Electricity Prices “Become Too Cheap”

As we detailed in early May, the transition from testing to regular output last month saw Finland’s first nuclear power-plant drive electricity prices dramatically lower.

by Tyler Durden, Zero Hedge, May 25, 2023 – 02:45 AM

As yle reports, the Olkiluoto 3 nuclear reactor in Eurajoki, southwest Finland, started regular electricity production in mid-April, about 14 years behind schedule

Since then prices for power in Finland have continued to plunge as the efficiency of the plant flooded the grid with ‘new’ energy.

So much in fact that early on Wednesday of last week, the market price for electricity dropped below zero cents per kilowatt-hour (kWh) and for hours after that the price was only 0.3 cents per kWh at its highest, according to the country’s grid operator, Fingrid.

That was unacceptable and prompted the plant’s owner, Teollisuuden Voima (TVO) to significantly cut back its output…

Electricity production must also be profitable for nuclear power plants, and when the price is particularly low, there may be situations where output is limited,” TVO communications manager, Johanna Aho, said.

According to Aho, cutting back on nuclear power production due to excessively low electricity prices is very rare, but not unheard of.

Janne Kauppi, an energy markets advisor at Finnish Energy, agreed with that sentiment.

“There haven’t been many situations where nuclear power output has been regulated specifically because of low prices,” Kauppi explained.

“When prices go negative on the electricity market, basically anyone who can adjust their production will do it, so that they don’t have to pay for their own production,” Kauppi noted.

The Finnish example is a testament to how nuclear can play a part in solving the current energy crisis, with consumers still paying sky-high fees for energy in many European countries.

However, the hypocrisy is of course that when power prices were extremely high in 2022, hurting consumers – it was all Russia’s fault; but now that prices are plummeting, operators can’t have that and withdraw supply to hurt consumers.

Do you see a pattern here?

Keep reading…..

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Kuffar
Kuffar
10 months ago

The Luddites in this country still insist on a failed strategy of wind and solar. We need real leaders who will at least explore the benefits of nuclear.

Zeus
Zeus
10 months ago

“This is what common sense looks like.”

That’s the best comment I’ve read in a long f**** time.

Nabi
Nabi
10 months ago

How soon they forget Fukushima, now acknowledged as a permanent pollution catastrophe that you proponents hope everybody will forget about–at least until the next one. Anybody who believes there won’t continue to be catastrophes, cumulatively destroying the environment, is just, well, stupid. Accidents are here to stay and some of them are impossible to live with.

Doyle
Doyle
10 months ago
Reply to  Nabi

That’s right put your head in the sand and cry the sky is falling. Your hyperbole is noted, your cowardice is noted and your stupid conclusion is noted. Perhaps you should not be alive, it seems to stress you too much.

PatrickW
PatrickW
10 months ago
Reply to  Nabi

Fukushima was a natural disaster caused by a tsunami. Nothing to do with nuclear energy. The tsunami caused the death of 12,000 Japanese while the nuclear plant accident caused only one death. Based on your assumption maybe we should seal all the volcanoes of the earth and put the globe on anti-seismic shock absorbers to avoid nuclear accident?

Rex Mutt
Rex Mutt
10 months ago
Reply to  PatrickW

Man made tsunami

Floridian
Floridian
10 months ago
Reply to  Nabi

Hey, Nabi, have you happened to hear the myth of Icarus and real stories about people who for millennia tried to fly and FAILED? With your logic, the brothers Wright should think about that sad experience and shouldn’t even think about inventing different technology.

And we all would still be crossing the Atlantic on Titanic. Or… wait… Should all ships be also abandoned after that disaster?

P. S. FYI: I lived 500 km from Chernobyl in 1986.

Rex Mutt
Rex Mutt
10 months ago
Reply to  Nabi

Fukushima was the subject of an attack for Japan not following zionist orders.

Doyle
Doyle
10 months ago

Nixon wanted to build 1000 nuclear power plants in the US, we currently have less than 100 in use today. If you believe you are serious about net zero or any other of that type of nonsense and you do not believe in nuclear power, you’re a liar.

Snowedin
Snowedin
10 months ago

There are no problems when nuclear is done correctly. Nuclear is much better than Wind Generators and Solar. No Wind, no Sun, no electricity. Wind generators Are overpriced, inefficient bulky and the blades are made of fiberglass, are not recyclable. They also are responsible for maiming and killing birds. Solar panels are only good for providing additional energy and should not be used as the main source of energy.

Stephen Honig
Stephen Honig
10 months ago

I hope we get this with Trump!

PatDD
PatD
10 months ago

Now that’s a country who knows how to make a profit.

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