"The price of electricity will fluctuate even more in the future and when supply decreases tariffs will go up at times," explains Director Pekka Salomaa of the Finnish Energy Industries, a body that gathers statistical data on power consumption in the country.
Imports of Russian electricity have covered a good ten percent of Finland’s power needs. Now this figure is down to about five percent.
“This is probably a permanent change. Imposition of a capacity charge by Russia makes imports even less profitable. At the same time the price of Russian natural gas is being increased from its current low levels to a more European rate,” Salomaa revealed.