Pekka Salomaa, the head of the electricity market in Finland’s energy industry, sent a direct message to Finnish politicians warning that no action should be taken in the electricity market. The message, which was reported by Uusi Suomi, came amid growing concerns about the country’s electricity supply and rising prices. Salomaa’s warning follows a series of high spot‑price spikes that have occurred during winter periods when the wind turbines are not generating power. The combination of low wind output, high wholesale electricity prices, and a rapid expansion of data‑center demand has heightened fears about the reliability of Finland’s power supply. The energy‑industry official urged lawmakers to refrain from intervening in the market, suggesting that any regulatory changes could worsen the situation. He emphasized that the current market dynamics, driven by supply constraints and increased demand, were already leading to significant price increases for consumers. The concerns are reflected in the recent surge of spot‑price peaks, which have reached record levels during periods of low wind generation. These spikes have raised questions about the resilience of Finland’s electricity system and the potential impact on households and businesses. Salomaa’s message highlights the tension between market forces and the need for policy measures to ensure a stable and affordable electricity supply in Finland.
Article source: Cedar News | Image credit: Cedar News