Electricity Prices Plunge By 75% As Finland Opens New Nuclear Power Plant
Electricity Prices Plunge By 75% As Finland Opens New Nuclear Power PlantThe Olkiluoto 3 (OL3) nuclear plant completed the transition from testing to regular output last month to become Finland’s first new nuclear plant in more than four decades. It is expected to produce up to 15 percent of the country’s power demand.
And while the plant’s production is still in its early days, its launch has had a considerable effect on Finland’s energy prices, lowering the electricity spot price in the country from €245.98 per megawatt-hour (MWh) in December to €60.55 per MWh in April, a reduction of more than 75 percent, according to physical electricity exchange, Nord Pool.
Energy prices had risen sharply in the Scandinavian country after the Finnish government banned electricity imports from neighboring Russia last year due to the ongoing conflict in Ukraine. The utilization of nuclear power will be welcomed by Finnish consumers, particularly given the fact that Finland has the highest per-capita electricity consumption in the European Union...
Finland's carbon intensity of this writing (2:51 Helsinki time) is 48 g CO2/kWh, compared to Germany's 518 g CO2/kWh.
In the "percent talk" that antinukes use to obscure the complete failure of solar and wind enthusiasm to address climate change, the carbon intensity of antinuke Germany is 1079% higher than that of pronuclear Finland. The Finns, unlike the Germans are in an excellent position to tell Putin to fuck off, as opposed to the Germans, and the Finns, unlike the Germans have phased out, effectively, coal, which over the last 5 years, provided about 10% of Finnish electricity,
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...and replaces them with reliable energy, they can probably eliminate the use of dangerous natural gas.
This may come as a surprise to some people, but dangerous fossil fuel waste doesn't stop at international borders. The coal being burned in Germany right now will affect every human being - indeed every living thing - on this planet.
Thus Finland's new nuclear plant serves all of humanity, and again, all living things on Earth.
It's called "climate change."
The wind industry in Finland over the last 12 months apparently produced an average continuous power of 1.28 GW, but it's an average and it's hardly continuous.
One can estimate, based on the 24 hour data - the wind happens to be blowing today - showing that the wind industry's name plate capacity is 5.54 GW that the capacity utilization of wind turbines in Finland is thus roughly around 23%.
Electricity Map, Finland, 12 months and 24 hour.
The construction of the Lestijarvi Wind Farm in Finland involves the industrialization of 110 sq km of drained (destroyed) wetlands to make an industrial park for wind turbines which, if one considers the data from Denmark, being a Scandanavian country as evocative, will feature wind turbines that on average will be landfill in less than 18 years.
It took about 17 years to build Olkiluoto 3, probably because it needed to be hand made since nuclear manufacturing infrastructure in Europe, as is the case in the United States, was destroyed by appeals to fear and ignorance coupled with contempt for concerns about climate change.
(China, by contrast, has no problem building nuclear reactors; they have 19 under construction right now, and operate 38, because they have the infrastructure for reactor building.)
Even at this rate, one very large reactor in 17 years, in terms of average continuous power, the single reactor provided faster growth than Denmark's short lived wind junk, as I noted elsewhere: The Growth Rate of the Danish Wind Industry As Compared to the New Finnish EPR Nuclear Reactor. In this post I noted that the average continuous power of all the wind turbines in that offshore oil and gas drilling hellhole, Denmark, in 2021 was under 1900 MWe, only 300 MW more than Olkiluoto 3 will produce in a single building.
Note we will also avoid the waste and destruction associated with the fantasies of the battery assholes and the hydrogen assholes who want to waste energy we do not have to spare, probably because they've had minimal exposure to the contents of science books.
This suggests that by adding a few buildings like Olkiuoto, Finland will be able to restore the vast stretches of what may have been pristine wilderness and has now been industrialized by wind interests for reasons that admit no excuse. They will probably also be able to expand on their recent liberation from coal to liberate themselves from gas and join France and nuclear powered South Central Sweden as countries routinely able to produce electricity at rates under 50 grams CO2/kWh rather than wind/gas/coal/oil hellholes like Germany where the carbon intensity for electricity is often 1000% (in "percent talk" ) higher than either France, South Central Sweden, and, now, Finland.