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Finnish nuclear plant throttles production as electricity price plunges

Electricity production must also be profitable for nuclear power plants, according to the facility’s operator Teollisuuden Voima (TVO).

The output of Finland’s newest nuclear power facility, Olkiluoto 3, has been
significantly cut back because electricity has become too cheap, according
to the plant’s owner, Teollisuuden Voima (TVO).

“Electricity productionmust also be profitable for nuclear power plants, and when the price is
particularly low, there may be situations where output is limited,” TVO
communications manager, Johanna Aho, said. Early on Wednesday the market
price for electricity dropped below zero cents per kilowatt-hour (kWh) and
for hours after that the price was only 0.3 cents per kWh at its highest,
according to the country’s grid operator, Fingrid.

 YLE 17th May 2023


May 19, 2023 - Posted by | business and costs, Finland

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