nuclear-news

Finland’s OL2 nuclear reactor off grid; power prices rise

Reuters, August 18, 2023

OSLO, Aug 18 (Reuters) – Finland’s OL2 nuclear power reactor was shut down early on Friday and will remain offline until Aug. 28 due to problems caused by increased moisture in the facility’s turbine, operator TVO said, helping to pushing up electricity prices.

There was no impact on nuclear safety, TVO added.

The outage comes at a time of low wind power generation that has already lifted Finnish prices, according to Refinitiv analyst Petter Engblom Nordby.

Electricity prices for Friday soared up to 270 euros per megawatt hour (MWh) for hours where demand is typically highest, far exceeding prices in other parts of the Nordics and continental Europe, data from power exchange Nord Pool showed……………….. Reporting by Nora Buli in Oslo and Louise Rasmussen in Copenhagen, editing by Terje Solsvik   https://www.reuters.com/business/energy/finlands-ol2-nuclear-reactor-off-grid-power-prices-rise-2023-08-18/

August 20, 2023 - Posted by Christina Macpherson | business and costs, Finland