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☆ Finns could be paid to use electricity tomorrow after a massive energy trade screw up
  + stars: | 2023-11-23 | by ( Jake Swearingen | ) www.businessinsider.com   time to read: +2 min
This mistake drove Friday electricity prices down to negative €203 per megawatt-hour. Finns could actually be paid to use electricity on Friday because of the extremely low prices. AdvertisementA jaw-dropping blunder in Finland's electricity market temporarily sent prices into chaos today — and could result in Finns actually being paid to use electricity. As a result, the price of electricity plummeted to negative €203 per megawatt-hour on Nord Pool, the Nordic region's electricity exchange. AdvertisementTheoretically, this could mean some Finns would be paid to consume cheap electricity.
Persons: —, Pontus de Mare, Fingrid, Jäppinen Organizations: Service, Kinect Energy, Svenska, Bloomberg News, day's, Finns, Finnish, Helsingin Sanomat Locations: Finnish, Finns, Finland, Ukraine
☆ Electricity prices in Finland flipped negative — a huge oversupply of clean, hydroelectric power meant suppliers were almost giving it away
  + stars: | 2023-05-25 | by ( Marianne Guenot | ) www.businessinsider.com   time to read: +4 min
A new nuclear reactor, as well as unexpected floods, are leading to a glut of clean energy. While much of Europe was facing an energy crisis, the Nordic country reported that its spot energy prices dropped below zero before noon. "Now there is enough electricity, and it is almost emission-free," Ruusunen told Yle, adding that Finns could "feel good about using electricity." Ruusunen told the National that Finland wanted wind to become its primary power source by 2027. Finland is now dealing with energy prices being too lowAn offshore windfarm near the Aland Islands, an autonomous archipelago that is a region of Finland in the Baltic sea.
☆ Europe races to prepare for energy crunch this winter
  + stars: | 2022-09-19 | by ( Tassilo Hummel | Inti Landauro | Miranda Murray | ) www.reuters.com   time to read: +5 min
PARIS/MADRID/BERLIN (Reuters) - European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running at severely reduced rates amid the Ukraine war. German buyers briefly reserved capacity on Monday to receive Russian gas via the Nord Stream 1 pipeline, once one of Europe’s major gas supply routes, for the first time since the line was shut three weeks ago. European politicians say that is a pretext and accuse Moscow of using energy as a weapon. Russian gas flows to Europe via Ukraine, although much reduced, have nevertheless continued. ‘NEVER’While French energy group EDF is racing to repair corrosion-hit nuclear reactors, “exceptional” measures this winter could include localised electricity cuts if the winter is cold and EDF’s plans are delayed, Wargon said.
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