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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
Finland's OL3 nuclear reactor suffers unexpected outage
  + stars: | 2023-11-19 | by ( ) www.reuters.com   time to read: 1 min
OSLO, Nov 19 (Reuters) - Finland's Olkiluoto 3, Europe's largest nuclear power generator as measured by output, suffered an unexpected outage on Sunday due to a turbine problem, Nordic power bourse Nord Pool said in a statement. The 1.6 gigawatt (GW) unit, known as OL3, was expected to reconnect on Monday at around 1000 GMT, an extension of the outage by 11 hours compared to the initial estimate, according to the regulatory statement. Plagued by construction delays, OL3 began regular electricity output in April this year, some 14 years behind schedule. Finland has said the nuclear reactor, Europe's first in 16 years, is expected to meet around 14% of the country's electricity demand, boosting energy security. Reporting by Terje Solsvik; Editing by David Holmes and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: OL3, Terje Solsvik, David Holmes, Chris Reese Organizations: Nord, Thomson Locations: OSLO, Nord Pool, Finland
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