According to the energy industry, the end of Russian imports will only strain the system.
Energy Industry Association rejects Aalto University’s research team’s estimate that the end of energy imports from Russia could even lead to a serious electricity shortage.
According to the researchers’ modeling, Finland’s electricity production would not, in the worst case, be enough to cover consumption, especially during the winter, if energy imports from Russia cease.
Read more: Researchers: If energy imports from Russia ceased, it could, at worst, lead to severe electricity shortages
According to the energy industry, the end of imports will put a strain on the system, but contrary to what the researchers suggest, it will not jeopardize it.
Last year, more than ten percent of the electricity consumed in Finland was imported from Russia. At the same time, almost the same amount was exported to Estonia, after Estonia stopped importing electricity from the east.
“Electricity is traded on the market, and the price guides the buying behavior, just like in the food trade. If electricity is not imported from Russia, the demand is covered by other electricity. And there are alternatives available,” says the director of the Energy Industry Association’s electricity market. Pekka Salomaa in the bulletin.
According to the energy industry, the introduction of the Olkiluoto 3 nuclear reaction and the increase in wind power will significantly increase Finland’s energy self-sufficiency.
According to the organization, the prospect of a country-specific electricity shortage can only be based on the inadequacy of transmission connections, but these are constantly being developed.
Energy industry considers that the realization of the worst-case scenarios of the research team would in practice require a much more serious crisis situation, which also directly affects Finland and Sweden.
In the event of a crisis, part of the domestic industry would also be likely to suspend its operations. In that case, the domestic demand for electricity would decrease significantly, the organization believes.
“We do not have current concerns about the adequacy of electricity, but the price of energy will be very volatile in the near future,” says Salomaa.
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