Tag: Energy
On the road with Orkan
Orkan's mission is to offer our customers the lowest possible fuel prices in all parts of the country and in some parts of the capital area. At eight of these stations, we have reduced prices even further. These stations are mostly located on main communication routes. In 2023, Orkan began its energy transformation journey and…
On the road with Orkan
Orkan's mission is to offer our customers the lowest possible fuel prices in all parts of the country and in some parts of the capital area. At eight of these stations, we have reduced prices even further. These stations are mostly located on main communication routes. In 2023, Orkan began its energy transformation journey and…
The vinegar case from the inside: “How can you do that to her”
Early on the morning of Christmas Eve 2022, a father drives his then six-year-old daughter to the emergency room in Lund. The girl has severe burns, after ingesting vinegar, and is also severely hypothermic. Her life hangs in the balance. This will be the start of a long investigation, where the girl's parents become suspects…
Innovative thermal energy storage: Tulikivi and Polar Night Energy power Loviisa's green transition
whose heating power is 1 MW and which can store up to 100 MWh of thermal energy. This storage potential covers nearly a month's heat demand in the summer and a week's demand in the winter in Pornai, which shows the durability and efficiency of the system. Sand has traditionally been the material for such…
The decrease in electricity costs provides relief for the increase in household expenses in Finland
A study covering real estate tax, electricity, water and waste fees in 100 municipalities shows that expenses other than electricity continue to rise. The decrease in housing costs has been significantly affected by the 18% decrease in the price of electricity from the previous year. In current contracts, the price of energy varies between 8.5…
Almost 27,000 Finnish homes are switching from oil heating with state subsidies
ELY-keskus still offers popular grants of 4,000 and 2,500 euros to small house owners who decide to give up oil heating. These grants are available until the remaining amount of 35.6 million euros is used up or until fall 2025, whichever comes first. The funding also applies to those switching from natural gas heating. Grants…
Finland has been without growth for more than four years, the economist points out
Economic data are more muted than expected and call into question the 0.7 percent growth forecast made by the Ministry of Finance for this year. Jukka Appelqvistchief economist of the Chamber of Commerce. “At the end of the year, GDP fell below the peak seen before the start of the coronavirus pandemic in 2019. We…
The Finnish energy giant Fortum sued Russia
Fortum, the majority owner of the Finnish state, accused Russia of “hostile actions”. It has lost billions of euros in investments in the country.
Record import of waste to Finland in 2023
Last year, the amount of waste imported into Finland was almost twice as much as exported, which shows the country's growing role as a destination for international waste treatment and energy utilization. A significant change compared to previous years was the strong increase in the import of waste-based fuels, which quadrupled to approximately 180,000 tons.…
The battle for the green transition
The climate crisis worsens with each passing year and the main culprit in the drama is the continued dependence on fossil fuels. To solve this, the global energy supply must be switched to renewables – to sun, wind and water. Some believe that this one the green transition will not only solve the climate crisis…
Inflation returned to a moderate level in January at 3.3 percent
“Annual inflation for 2023 averaged 6.2%, which means a significant drop from peak figures,” stated. Kristiina NieminenSenior statistician at Statistics Finland. In January, prices rose the most in consumer and mortgage interest rates, prices of international ready-made trips, district heating and property maintenance service fees. The increase in mortgage and consumer loan interest rates affected…
Decrease in energy costs, decrease in gasoline consumption in January's inflation rate
Finland's annual inflation slowed to 3.3 percent last month, while it was 8.4 percent in January 2023.
Extensive strikes hit Finland: Major disruptions in traffic and public services are expected
Early childhood education facilities will be closed for two days, February 13-14, affecting both public and private institutions in Helsinki, Vantaa, Espoo and several other municipalities. This change is expected to close most of the daycare centers in the affected areas, and family day care providers and human resources provider Seure are directly involved in…
Next week's political strikes will hit shops, industry, energy and transport
Most of the walkouts will take place between next Wednesday and Friday.
Nuclear and hydropower plant workers joining next week's strike
The energy trade union considered the strike plans irresponsible and endangered the country's electricity supply.
Extensive strikes disrupt Finnish train and local traffic, affect the energy sector
The strike covers 2.2. shifts start at 12:01 a.m. to 11:59 p.m. The effects of the strike are strongly felt in the capital region, where metro and tram services are suspended. In addition, the tram service in Tampere will stop during the strike and the bus service in Helsinki and Turku will be affected due…
The energy company Fortum can lay off up to 130 employees
The majority state-owned energy giant must reduce annual costs
Novo Nordisk makes four municipalities boom
Kalundborg, Gladsaxe, Hillerød and Ballerup together account for almost two-thirds of the total Danish GDP growth in 2022, new data from the media show momentum, published by Danish Municipalities. The general growth in Danish GDP was 2.7 percent in 2022. A distribution of the proportional contribution by municipalities indicates where the greatest economic progress has…
Kuluttajaliitto urges the government to intervene in “reasonable” electricity prices
The spike was caused by cold weather and disturbances at several power plants in Finland. “Many consumers are really upset that the highest possible spot prices are possible, because electricity is generally produced much cheaper. Our electricity production has also recently increased to such an extent that we are theoretically self-sufficient,” he told the public…
The month-long maintenance of OL3 raises fears about energy price increases
The first annual maintenance of the Olkiluoto 3 nuclear reactor will be done in March, but one energy expert told Yle that the Finnish market plans for such conditions well in advance.
Electricity consumption in Finland decreased by 2% from a year ago
The decrease was especially accelerated by the industrial use of energy, which decreased by six percent compared to 2022.
Call for energy saving tomorrow, when Finland is hit by severe frost
Jukka LeskeläCEO of Energiateollisuus ry CEO of Energiateollisuus ry describes the situation as extreme and challenging. “The question has often arisen about how we will survive in particularly severe cold. So far, we have managed well. But now the most important thing is to make sure that there is enough electricity for everyone tomorrow,” Leskelä…
Necessary expenses will dominate the budgets of Finnish households in 2022
Estimated per consumption unit, childless couples had the highest expenditures of all household types. In contrast, one-person households spent the least both in absolute terms and per unit of consumption. The main expenditure categories of Finnish households were housing and energy, transport and food and non-alcoholic beverages. Tuomas ParikkaStatistics Finland's senior statistician, emphasizes the dominance…
The price of electricity in Finland will return to normal in 2023, which is 64% less than the previous year
The increase in wind power capacity and the start of operation of the Olkiluoto 3 nuclear power plant have played a key role in Finland's electricity self-sufficiency since the spring. Despite the stabilization, short-term price fluctuations have been greater than before, which is mainly due to the growing share of wind power in the energy…
Environmentally friendly Christmas tree disposal in Helsinki: Free collection and recycling
HSY collects Christmas trees from residential properties, schools and kindergartens in the capital region and Kirkkonummi. There are no additional costs for collecting these trees. Residents are advised to leave Christmas trees in a visible area near waste receptacles or collection points so that they do not block paths or impede movement. It is important…
Finland's climate minister is ready to raise the EU's climate goals
The European Commission is currently preparing its proposal for climate targets for the next decade, and is expected to call for accelerating emissions reductions. The European Scientific Advisory Board on Climate Change has recommended a goal of 90-95 percent, after receiving support from the member of the European Commission responsible for climate action, Wopke Hoekstra.…
The popularity of the value areas of Helsinki and Espoo is increasing with the decrease in housing prices
However, some areas of Helsinki, such as Vuosaare and Laajasalo, have seen their appeal wane. On the other hand, Espoo's Souka district has become desirable due to the expansion of Länsimetro (Länsimetro). Another large Finnish city, Oulu, has experienced its own transformation. Outer areas, such as Oulunsalo, have emerged as new hotspots that deviate from…
Bank of Finland: Finland will not see economic growth in 2023 or 2024
Finland's economy is expected to shrink by 0.5 percent in 2023 and 0.2 percent in 2024. The figures mean a decrease of 0.3 and 0.4 percentage points from the forecast published in September. Meri ObstbaumThe Bank of Finland's head of economic forecasting said that the forecast reflects a slowdown in economic growth in the euro…
Saramo: The Finnish parliament must thoroughly discuss the DCA between Finland and the United States
In principle, Finland has agreed to relinquish jurisdiction in cases where both countries have jurisdiction, but it can demand the restoration of jurisdiction in cases involving particularly significant crimes. Saramo also considered that the agreement should have included a clause on the temporary storage of nuclear weapons in Finland, as in the agreement between Norway…