Tag: Watt
The bid error lowers Friday’s spot price to -50 cents/kWh
The spot price of electricity in Finland drops to -50 cents per kilowatt hour (kWh) at 3 p.m.
Electricity spot prices will rise on Tuesday
A peak of almost one euro per kilowatt hour is expected on Tuesday afternoon.
Iceland supports the development of geothermal power plants in Poland and other countries
Arctic Green Energy, based in Iceland, is implementing eight projects in Poland. Each project involves the construction of power plants in which geothermal energy is used to heat homes. It is estimated that the total production capacity of these projects in Poland will be approximately 240 megawatts. For comparison, the Nesjavellir power plant has a…
The Finnish Meteorological Institute uses solar and wind power production forecasts for energy planning
The Finnish Meteorological Institute’s solar and wind power production forecasts provide users with valuable insights. By converting predicted sunshine and wind conditions into kilowatt-hours, people can plan their consumption according to the expected availability of solar and wind power. This means that they can make the most of the abundant solar electricity while reducing consumption…
The majority of district heating companies are increasing their prices, according to Omakotiliito’s comparison
Omakotilito’s report shows that there are different pricing differences in the monthly payments for district heating. The fixed monthly fee based on power capacity (power) ranges from 22.68 euros to 117.60 euros. Of the companies that participated in the survey, 59 have increased their fixed monthly fee based on power capacity, one has decreased it…
A US company announced a plan to build three green hydrogen plants in Finland
managing director Andy Marsh stated that Finland was chosen as the location of the planned sites because it is committed to reducing carbon dioxide emissions and high-quality infrastructure. He also referred to the country’s recent accession to NATO. According to YLE. “We are proud to be able to tie our know-how and turnkey hydrogen solutions…
Denmark’s 2.3 billion euro investment in Finnish wind power
Denmark’s Copenhagen Infrastructure Partners and Finnish wind and solar energy developer Myrsky Energia have signed a cooperation agreement for the construction of 1,800 megawatts of wind power.
Green energy plays bigger roles in European countries
© Provided by Xinhua According to Brussels-based Solar Power Europe, the 27 EU member states saw 41.4 gigawatts (GW) of new solar photovoltaic (PV) capacity connected to their grids in 2022, an increase of 47 percent compared to 2021. LISBON, May 21 (Xinhua) — European countries have accelerated their green transition by promoting the use…
In Finland, more than a fifth of electricity was produced by wind power at the beginning of 2023
The total nominal capacity of the new wind farms is therefore greater than the newly completed third reactor unit of the Eurajoki Olkiluoto nuclear power plant in Satakunta. However, nuclear power plants produce approximately three times more electricity than wind farms of the same nominal capacity, Helsingin Sanomat reminded on Thursday. The 1,600 megawatt reactor…
Denmark offers a helping energy hand to Ukraine
Will they get the gigawatts backDue to its enormous size – being Europe’s second largest country with huge tracts of agricultural land – there is considerable potential for wind turbines in Ukraine. Before the invasion, Ukraine produced about 1.7 GW of onshore wind energy. But many of its wind turbines have been destroyed. In the…
Europe’s largest nuclear reactor is launched 14 years behind schedule
Regular production at Olkiluoto 3 was delayed for several years due to legal and technical setbacks The Olkiluoto 3 (OL3) nuclear reactor in southwestern Finland has started electricity production, the head of the plant’s operator Teollisuuden Voima (TVO) said in a statement on Sunday. After a long test phase at the facility in Euraåminne, regular…
The historic investment in the battery cell factory will create thousands of jobs in Kotka
“We are currently talking about Finland’s largest project project in the battery industry” Matti HietanenCEO of the Finnish Mineral Group, states For YLE on Wednesday. It is to primarily produce battery cells for electric vehicles, which will support the rapid spread of electric vehicles and the resulting growth of the battery value chain in Europe.…
Finland’s Fortum and Outokumpu are collaborating on small modular reactors
“We’re looking for zero-emission electricity to help us meet our climate goals,” he said. Outokumpu has made it a near-term goal to reduce direct and indirect emissions and emissions in the entire value chain by 42 percent from the 2016 level per ton of stainless steel by 2030. The goal is a 30 percent reduction…
YLE: The interests of electricity producers reject the estimate of the costs of the energy crisis
His calculation was based on two variables: the average market price in the second half of last year – more than 20 cents per kilowatt hour – and energy consumption during the same period. It does not include heavy industry, as they tend to use various mechanisms to protect themselves from fluctuations in electricity prices.…
Olkiluoto 3 may be the last large nuclear reactor to be built in Finland, the professor tells YLE
Hyvärinen explained that turning on such a large unit and turning it off quickly causes quite a noticeable disturbance in the main grid. While it is possible to prepare for and withstand such disruptions, the impact of starting or shutting down a smaller unit would be much smaller and easier to manage. Worldwide, there is…
Experts: Finland’s emissions are falling rapidly, measures to strengthen the carbon sink
“The future looks promising. The green transition will strengthen Finland’s competitiveness, raise labor productivity and promote attracting investments to Finland. viewed Markku Ollikainenchairman of the climate change panel. “Using the full innovation potential requires effective public guidance.” The climate change panel published on Thursday report outlines measures to enhance climate action in Finland. An independent…
Finnish politicians demand electricity retailers to adjust the prices of fixed-term contracts
“There is freedom of contract in Finland and the signed contracts are binding, but companies have the opportunity and also the responsibility to proactively bear social responsibility and meet people halfway,” he reasoned. About 130,000 Finnish households signed a new electricity contract during a time when the price of electricity exceeded 30 cents per kilowatt…
The Finnish government reached an agreement on the reimbursement of electricity costs
Households that pay more than 10 cents per kilowatt-hour for electricity receive compensation, and it is 50 percent of monthly electricity costs of more than 90 euros, and the monthly limit is 700 euros. The compensation is paid for the four months of November-February based on the expenses of November-December. According to Helsingin Sanomat, the…
NordBalt electrical connection announces scheduled maintenance shutdown
VILNIUS, Nov. 4 (Xinhua) — The NordBalt submarine cable connecting the power grids of Lithuania and Sweden will be temporarily shut down next week for annual maintenance, Litgrid, Lithuania’s electricity transmission system operator, said on Friday. The interconnection will be offline from 07.00 on November 7 to 18.00 on November 13 local time. Maintenance work…
Gas prices are falling, reserve full to capacity, but don’t get too complacent!
The gas situation is improving in Denmark. Much better! The EU countries recently set a target to raise their gas supplies to 85 percent of storage capacity before the start of winter, and Green Power Denmark and Energinet can now confirm that the Danish reserves are full to the brim: enough for two to three…
The Finnish government defines strict conditions for energy company loans
“It is clear that even in such an uncertain situation, where we do not know whether companies will come to the government’s loan desk, it is very unlikely that we will prepare to grant a loan of 10 billion euros.” Teppo Koivistofinancial director of the Ministry of Finance, was quoted saying from YLE. However, if…
Finnish experts urge the government not to curb climate action because of energy prices
It is inevitable that some of the increase will trickle down to consumers’ bills. For example, the social democrats have proposed that the number of emission allowances distributed to the energy sector should be increased in order to lower energy costs for consumers. Basic Finns have suggested that the 27-country bloc temporarily suspend the mechanism.…
Friday’s papers: Party Prime Minister Sanna Marin, gang violence and wind in a heat wave
prime minister Sanna MarinThe party video continues to attract worldwide attention Helsingin sanomat newspaper to ask whether a drunken political leader is a threat to national security. "It is not a positive thing from a security point of view," Professor of cyber security at Aalto University Jarno Limnéll told Helsingin Sanomat. "Finland and its high-level…
Electricity market forecast: The price will triple by winter, but will collapse next spring
Electricity price forecasts for the upcoming winter are starting to become more precise. Prices are at their peak in the last months of the year. By then, the average price for up to three months will rise to almost 50 cents per kilowatt hour. The most expensive price periods are likely to be much more…
TVO: Olkiluoto 3 starts full operation on schedule despite external pressures
Despite the war in Ukraine, which skyrocketed energy costs, the Finnish nuclear power plant Teollisuuden Voima (TVO) said it would not allow external pressures to speed up the commissioning of the Olkiluoto 3 reactor. "We do not take into account external pressure or the fact that the demand for electricity is high. We will proceed…
The world’s largest offshore wind farm under development
The British government has given Ørsted a contract to build the world’s largest offshore wind farm. With a capacity of around 2.8 gigawatts, Ørsted has said that the plant – called Hornsea 3 – will produce enough cheap, clean energy to power 3.2 million homes in the UK, which will make a significant contribution to…
2022 Tour de France: The Dane who became king of the mountains
The winner of four Tour de France stages and former mountain bike world champion, Michael Rasmussen, can be counted among the legends in Danish cycling. He also won the famous Polka Dots jersey – the Tour de France classification awarded to the rider who achieves the most points by reaching mountain peaks before anyone else…
The electricity companies agreed on plans for a third line between Finland and Estonia
The Finnish and Estonian electricity network operators Fingrid and Elering have signed a letter of intent to start planning the construction of a submarine cable connection between third countries, Fingrid said in a statement issued on Tuesday. After the completion of the EstLink 3 connection under the Gulf of Finland, the company estimates that there…
LUT University cancels three photovoltaic myths
“The southern trend is economically viable regardless of the consumption profile. There is no one right direction. The choice depends on whether you want to maximize the self-sufficiency or profitability of electricity generation, ”says Altti Meriläinenelectrical engineering research assistant at LUT University. According to LUT’s study, the photovoltaic system should be directed to the south…
Olkiluoto 3’s full electricity production will be delayed again
The nuclear power plant Teollisuuden Voima (TVO) has announced that the trial operation of the Olkiluoto 3 reactor (OL3) will be suspended for more than a month. The delay means that full electricity production will not start until December, and not in September as previously planned. The unit is expected to cover almost one-sixth of…
Large-scale solar park plans are underway in Eastern Finland
The municipality of Eastern Finland called Imatra has announced plans to build a large solar power plant. If the plans progress, it will be set up by 3Flash Solar in Linnankoski, Linnankoski, where the electricity network and distribution network are easily accessible. The founder of the company, Miko Notesaid the location of the farm was…
Russia suspends electricity supply to Finland
Finland’s nationwide grid operator Fingrid Oyj also said in a statement issued on Friday that RAO Nordic Oy will suspend the import of electricity to Finland on Saturday at 1:00 local time. “According to RAO Nordic, direct or bilateral sales of electricity imported from Russia will be suspended for the time being due to problems…
The future of nuclear waste: what is the plan and can it be safe?
The UK plans to expand sharply its nuclear capability, in an effort to reduce its dependence on coal-based fossil fuels. The government aims to build up to eight new reactors in the coming decades, with a view to increasing power capacity from around 8 gigawatts (GW) today to 24 GW by 2050. This would meet…
