Sunday, June 23, 2024

Price Drop: Finland’s Grand Nuclear Move Delivers Cheap Power Bonanza

Thanks to their new nuclear power plants, Finns went from suffering among Europe’s highest power prices to enjoying its lowest.
"They now pay a mere fraction of what their wind and solar obsessed German neighbours are forced to pay for an ideological and delusional obsession.
When Finland fired up its 1,600MW Olkiluoto 3 nuclear plant in April 2023, power users were bound to notice that average spot electricity prices dropped from €245.98 per MWh in December 2022 to €60.55 per MWh hour in April 2023.
As Nick Cater points out below, Finland provides the perfect and obvious lesson for this Country, which, like the Germans remains wedded to the belief that it can run on nothing but sunshine and breezes...

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