nuclear-news

Finland extends nuclear reactor outage, pushing up power price

November 20, 2023 —by Essi Lehto and Nora Buli for Reuters 

HELSINKI, Nov 20 (Reuters) – Finnish power company TVO said on Monday it had extended an outage at Olkiluoto 3, Europe’s largest nuclear power generator, while it undertakes repairs, likely boosting electricity prices.

The 1,600 megawatts (MW) unit, known as OL3, on Sunday suffered an unexpected outage due to a turbine problem, TVO and Nordic power bourse Nord Pool said.

“We are looking into a fault on the turbine side and when we find out what it is, we can say what caused it and when we can return to electricity production,” said a TVO spokesperson.

“We will issue a statement as soon as we know more.”

The outage was expected to drive up short-term power prices in Finland and the Nordic region, an LSEG market analyst said.

TVO had initially predicted a return to full production capacity on Monday morning, but in a regulatory filing said it was instead aiming for a partial restart to take place on Tuesday……………………  https://www.nasdaq.com/articles/finland-extends-nuclear-reactor-outage-pushing-up-power-price
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November 21, 2023 - Posted by Christina Macpherson | business and costs, Finland