How does supply and demand affect electricity prices in Finland?

When supply and demand bids meet, it creates the market price or so-called spot price for electricity, which varies hourly based on supply and demand. Consumers in Finland can shop around for lower electrical energy rates, which make up about a third of the electricity bill.

How much power will Finland have in winter?

The national grid operator Fingrid, together with TSOs from other Nordic countries, produces yearly estimates about the availability of power in the winter demand peak. In 2019-2020 they estimated a peak Finnish demand of 15.3 GW, during which Finland would have 11.9 GW of production capacity, not including capacity reserves.

How much wind power does Finland have?

By the end of 2022, Finland's wind power capacity reached 5,677 MW with 1,393 turbines installed. That year, wind power production increased by 41% to 11.6 TWh, representing 14.1% of the country's electricity consumption.

How many GW will Finland have in 2019-2020?

In 2019-2020 they estimated a peak Finnish demand of 15.3 GW, during which Finland would have 11.9 GW of production capacity, not including capacity reserves. That would have meant a shortfall of 3.4 GW to be imported from neighbors.