As the Western World drives mindlessly into the fantasy of a false green energy future, shortages are a common topic of discussion—blackouts in the frigid winter, brownouts in the heat of summer. You’d be right to ask.
What “leader” pushes a plan that puts demand before supply?
Finland, not known for its politically conservative nature (quite the opposite), was struggling with that problem. After Russia invaded Ukraine, available energy became a priority. You can’t run anything these days without it, and we’ll only need more.
But it is a problem Finland has solved, at least for now, with Nuclear.
Electricity prices in Finland plummeted into negative territory this week after the launch of a new nuclear power plant last month.
The development comes months after officials in the Nordic nation were raising the alarm over widespread energy shortages, a reality induced by the Russian invasion of Ukraine. Energy producers are now discussing mechanisms to reduce production as power becomes so abundant that prices venture into negative territory.
“Production is high, consumption is low, and now we are in a situation where it is not easy to adjust production,” Fingrid CEO Jukka Ruusunen said in an interview with Yle News. “Last winter, the only thing people could talk about was where to get more electricity. Now we are thinking hard about how to limit production. We have gone from one extreme to another.”
I’m not sure why Finland can’t sell the excess to someone who needs it, but I’m not familiar enough with their grid arrangements or EU policy. But, they built a nuclear plan which seems out-of-character.
European thinking on Nuclear energy is bipolar at best. They are all dancing to the broken tune of the ridiculously flawed Paris Climate Accords and other EU green deals. The Daily Wire reminds us that Germany ended its relationship with Nucelar (so it could burn coal to keep warm) while Finland and Poland are adding capacity.
When Finland’s new nuke plant went online, “average …spot prices declined from $264 in December to $65 in April, according to a report from the National News.”
It is two months since this graph was published, and they have so much supply the price has dropped below zero. Power Plants have to make enough to operate, so the plan is to decrease production, but with an energy-hungry Europe at hand, why not sell it on the spot market to needy nations who have kneecapped their infrastructure?
I live in New Hampshire. We are at the mercy of the New England Grid as all the states around us announce green power plans, EV mandates, and race to replace fossil fuels with wind and solar. We can’t get new pipelines built to carry fracked Gas from Pennsylvania because States like New York and Massachusetts say none shall pass.
Federal Law prohibits domestic port-to-domestic port transport of domestic energy, so when we find ourselves chilled in January or February, we have to look off the continent in Africa or Asia for natural gas – while Joe Biden promises mountains of US NG to the EU as a favor for supporting his a proxy war with Russia.
The whole business is FUBAR, even in Finland.
“Operators in Finland and the surrounding areas are now monitoring the situation. If hydropower can’t be regulated, then it will probably be nuclear power next. Production that is not profitable at these prices is usually removed from the market,” Ruusunen continued. “Now there is enough electricity, and it is almost emission-free. So you can feel good about using electricity.”
Feel good? Did you miss the memo? That’s not the plan. You’re doing it wrong. The idea is to starve people of modernity as punishment for whatever the progressive narrative mills can imagine will scare you enough to go along. Not them, just you. But for a few heartbeats, Finland has a good problem that has exposed another problem. What to do with the idea of abundant, affordable electricity in a world committed to hating both?
