Finland’s electricity pricing system led to consumers paying more than they should have during the second half of 2022, according to an Aalto University professor. The energy crisis cost Finnish households an additional five billion euros, according to a study by Yle’s investigative journalism unit MOT. Between July and DecemberContinue Reading
The consumption of hard coal in Finland increased by 10 percent during 2022 compared to the previous year, according to preliminary data published on Wednesday by Statistics Finland. The increased usage was especially apparent in the production of electricity and heat, the number-crunching agency noted, although consumption of coal asContinue Reading
It seems like the perfect storm for Europe’s energy security as winter is fast approaching and energy prices are rising. Having turned away from Russia as a gas provider, the European Commission has begun negotiating with Norway. A deal for long-term energy cooperation will be discussed during the EU energyContinue Reading
Creditors of the recently bankrupt Estonia Savings and Loan Association met for its general meeting on Monday but have little hope of seeing their savings restored to them. Estonia plans to step up supervision of savings and loan associations. A few hundred people gathered for the meeting, most of themContinue Reading
STAVANGER, Norway — With natural gas scarce and pipelines in peril, Europe has rarely neededNorway more. Or resented it as much. More than seven months into the war in Ukraine, the Scandinavian country is increasingly central to Europe’s energy security. Norway, not Russia, is now the European Union’s leading naturalContinue Reading
Support for developing more wind power projects on land is increasing after several years of decline. There are now more people in favor of more wind power than there are against it. Fresh figures from the Cicero Center for Climate Research show that 39% of Norwegian respondents now support moreContinue Reading
The majority-state-owned Finnish energy company Fortum has announced the signing of a bridge financing agreement with the Finnish state worth 2.35 billion euros. The financing arrangement will cover the company’s collateral needs in the Nordic power commodity market, Fortum said in a statement released on Tuesday morning. The deal allowsContinue Reading
No solutions to the current energy crisis can be expected for the next four years, although Russia cannot pressure the West forever, Economic Adviser to the President Kaspar Oja and economic experts Raivo Vare and Heidor Vitsur said on Vikerraadio’s “Välistund” on Monday. According to Vare, the G7’s announcement FridayContinue Reading
Skyrocketing energy prices and the consequences of the invasion of Ukraine are encouraging some global leaders to expand hydrocarbon production in the Arctic. If this goes ahead, it would be a disaster. The Arctic is warming faster than any other region on Earth. But even as climate change threatens its uniqueContinue Reading
Prime Minister Kaja Kallas (Reform) has pursued a successful foreign policy course amid the current security crisis facing Ukraine, senior ERR journalists Anvar Samost and Huko Aaspõllu find. On the other hand, defense minister Kalle Laanet (Reform) has been irresponsible in stating that if Ukraine falls before Russia’s objectives, theContinue Reading
Sweden
1,222,892
Denmark
529,210
Lithuania
484,537
Norway
300,013
Latvia
259,215
Estonia
226,304
Finland
197,476
Iceland
18,896