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Price of electricity to rise

At least two Finnish utilities have announced electricity price hikes this autumn.

Höyryä ja voimalinjoja
Image: Esko Jämsä / AOP

The price of electricity is set to rise in Tampere and the surrounding Pirkanmaa region of south-central Finland this autumn, according to at least two utility companies.

The city-owned Tampereen Sähkölaitos says it will increase the cost of many of its services by 10-20 percent. Leppäkosken Sähkö says that it will increase its prices from the beginning of November by 15 percent for delivery fees and eight percent for transfer prices.

Summer drought pushes up prices

Several factors are affecting the price hikes, according to the companies, including the dry summer, as droughts can impact electricity supply in terms of water availability for hydropower generation and cooling water for thermoelectric power.

In addition, other costs associated with producing electricity such as higher electricity transfer fees, the need for additional cabling infrastructure, and weather security costs will be passed onto consumers.

An apartment-dweller who uses little electricity will see an electrical bill increase of a few euros a month, whereas homeowners living in houses heated by electricity or geothermal power will see larger increases.

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