Finland's Hydroelectric Power Causes Negative Electricity Prices

1 min read
Source: Business Insider
Finland's Hydroelectric Power Causes Negative Electricity Prices
Photo: Business Insider
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.

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