The increase in wind power capacity and the operational start of...

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    There you go trying to mislead the forum again.

    Here's the whole story.


    Finland witnessed a significant decrease in electricity prices in 2023, with the average cost falling back to pre-crisis levels. According to Nord Pool's annual price data, the average wholesale electricity price stood at €56.5 per megawatt-hour. This marks a 64% reduction from the crisis peak in 2022 and a return to the average price levels seen since 2010, adjusting for inflation.

    The increase in wind power capacity and the operational start of the Olkiluoto 3 nuclear power plant have played a pivotal role in making Finland self-sufficient in electricity since spring. Despite this stabilization, short-term price fluctuations have been greater than before, primarily due to the growing share of wind power in the energy mix.

    Interestingly, 2023 saw a record number of hours with negative electricity prices, totaling 467 hours. The most expensive day for electricity was November 21, with an average daily price nearing €300 per megawatt-hour. Conversely, due to incorrect data provided by a Norwegian company, prices dropped significantly three days later, reaching more than €200 below zero.

    https://www.helsinkitimes.fi/finland/finland-news/domestic/24708-electricity-prices-in-finland-return-to-normal-levels-in-2023-down-64-from-previous-year.html

 
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