EnergyWatch

Cold snap triggers highest Nordic electricity price in eight years

The onset of cold weather has driven up the price of electricity in Finland, while Sweden is turning on old oil and diesel power plants to help prevent outages in Poland and to mitigate the effects of Norwegian payback.

Photo: Statnett/ Woldcam

A main concern in Europe this year is Russia's apparent unwillingness to share its natural ressources. This weekend, however, saw movements across the North European borders, expect not only natural gas from Siberia but also the Siberian cold.

In areas like Finnmark, Norway, temperatures have reached -40 degrees celcius.

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