Electricity got too cheap in Finland so the country's largest nuclear plant is cutting back in order to drive up prices
· May 26, 2023 · NottheBee.com

Isn't it great that the whole world is shutting down these clean, cheap nuclear plants in favor of windmills?

The output of Finland's newest nuclear power facility, Olkiluoto 3, has been significantly cut back because electricity has become too cheap, according to the plant's owner, Teollisuuden Voima (TVO).

"Electricity production must also be profitable for nuclear power plants, and when the price is particularly low, there may be situations where output is limited," TVO communications manager, Johanna Aho, said

Prices dropped below zero on Wednesday of last week and went up to only 0.3 cents per kWh for hours after that, according to Fingrid, the nation's energy operator.

These guys running to shut down their nuke plants like:

Y'all can't even fathom how much energy nuclear plants produce. This old xkcd comic comes the closest:

So why are is the Finnish plant driving up prices?

Because they need to make some money, duh!

The way one economist puts it rather make sense:

When prices go negative on the electricity market, basically anyone who can adjust their production will do it, so that they don't have to pay for their own production.

Oil producers often do the same thing. It's a self-correction mechanism. The free market is famous for it.

Unfortunately for most of the rest of Europe, their woke leaders are shutting down their nuclear plants, forcing people to choose between electricity and food!

Ready to join the conversation? Subscribe today.

Access comments and our fully-featured social platform.

Sign up Now
App screenshot

You must signup or login to view or post comments on this article.