Electricity prices in Finland fall 75% with new nuclear reactor.
So why is it that the eco-alarmists hate nuclear? It is carbon free….
[Editor’s Note: Could it be that they are Green on the outside and RED on the inside?]
Let’s get right to it!
Energy Central:
Electricity in Finland has become a lot more affordable since Europe's newest nuclear reactor became operational.
Olkiluoto 3 was in April and has a capacity of 1,600 megawatts (MW), making it the largest reactor in Europe. The reactor now produces about 15 percent of Finland's electricity. Together with the other two reactors at the site, the nuclear power plant produces about 30 percent of the country's electricity.
Since the reactor was connected, energy prices have fallen sharply. One megawatt hour (MWh) cost 245.98 euros as recently as last December. In April this year, the price was only 60.55 euros. This reports energy exchange Nord Pool and is reported by several media outlets.
Last year, prices rose to unseen heights after Russia stopped exporting electricity to Finland. The country even then prepared for periodic power cuts due to the high demand for energy for heating during winter.
Jukka Ruusunen, CEO of Finnish grid operator Fingrid, said according to that the lower prices are due to Olkiluoto 3. "We have more stability in the system because of Olkiluoto 3. It's a giant nuclear reactor, one of the largest on earth, connected to a small system (Finland's power grid, ed.)."