Finland's Hydroelectric Power Causes Negative Electricity Prices

TL;DR Summary
Finland's renewable energy strategy has led to an oversupply of clean energy, causing energy prices to drop below zero. A new nuclear reactor and unexpected floods have contributed to the glut of energy. Last year, Finland faced an energy crisis after cutting ties with Russia, but now aims to reach carbon neutrality by 2035 and wants wind to be its primary power source by 2027. However, energy operators may no longer be able to operate normally if the electricity is worth less than the cost of producing it.
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 3 min read
Condensed
85%
598 → 88 words
Want the full story? Read the original article
Read on Business Insider