According to Risto Kinnunen, an expert at the energy service company Väre, the price of electricity on the exchange will rise on Tuesday due to the interruption in Olkiluoto 3’s electricity production. This is because Olkiluoto 3 covers approximately 14% of Finland’s electricity needs and the faulty temperature measurement of its cooling system caused the failure. TVO, the responsible company, estimates that electricity production in Olkiluoto’s triple unit will start again at noon on Tuesday.

Kinnunen predicts that the price of electricity may rise considerably, possibly reaching 30 cents per kilowatt-hour or higher. However, he also believes that it will drop on Wednesday due to a decrease in demand as people use less energy during daylight hours and an increase in wind power production. Nevertheless, fluctuations in hourly prices are expected by the end of the week due to windless and colder weather.

It is worth noting that some content in Kinnunen’s original quote seems unrelated and has been omitted from this rewrite for clarity purposes.

By Editor

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