Energy Market Overview

Energy Market Overview

Energy Market Overview 27.12.2022: Olkiluoto 3 will not start this winter

Warmer weather, higher wind energy output and lower consumption made it possible to significantly lower the price of electricity last week compared to previous weeks. While the decision to invest in the Sopi-Tootsi Wind Farm added optimism for the coming years, the postponement of the start-up of nuclear reactor Olkiluoto 3 to March added clouds of worry to our region despite the quite successful coping with the energy crisis so far.

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Energy Market Overview

Energy Market Overview 12.12.2022: If the weather persists, Europe’s gas reserves will decrease rapidly

The arrival of the cold wave in Europe will test the mitigation measures for the energy crisis, accelerating the depletion of gas reserves. The situation in Scandinavia and the Baltic countries is complicated by the maintenance of three powerful nuclear reactors, which is why reserve power plants running on fuel oil were launched in Sweden today.

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Energy Market Overview

Energy Market Overview 28.11.2022: The debate regarding gas market regulation continues in Europe, but its impact on the electricity market is not yet clear

The energy crisis and its possible solutions fuel passions and provide plenty of talk, but the impact of various mitigation measures on the electricity market is difficult to predict. Both gas and electricity prices continued to rise in sub-zero temperatures, and for the first time this winter, countries had to use their gas reserves. Despite the fact, they are rather optimistic about the coming months.

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