Free Trial

Finland Should be Prepared for Power Outages in Winter


Finland should be prepared for possible power outages caused by electricity shortages

  • Fingrid has published its first estimate of the adequacy of electricity for the coming winter
  • The exceptional situation on the energy market have increased uncertainties related to the availability of electricity.
  • They estimate that electricity consumption can rise to around 15,100mw in the winter peak.
  • Domestic production is estimated to cover at best 12,300 MW, with an estimated additional 600 MW of power reserve. Imports from Sweden, Estonia and Russia have historically covered peak demand but imports are uncertain with nothing from Russia and with limited gas supplies affecting the whole of Europe.
  • The Olkiluoto 3 nuclear power plant would compensate for the missing Russian imports, but any commissioning delay would significantly reduce the adequacy of electricity in Finland.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.