Call for energy conservation tomorrow as Finland faces severe cold

As Finland grapples with an unusually prolonged spell of freezing temperatures, the nation's electricity consumption has surged to extraordinary levels. This spike in demand has led to a scarcity in the power market, reflected in the exceptionally high electricity prices expected on January 5, 2024. The average price for the day is forecasted to reach 890 euros per megawatt-hour, with peak prices between 7 pm and 8 pm soaring to nearly 1,900 euros/MWh.