Electricity consumption decreased again in February: a reduction of five per cent

In February, people in Finland continued to use electricity more sparingly than before. The temperature-corrected saving was five per cent compared with the preceding year. Fingrid first announced an elevated risk of electricity shortages in August. During September-February, the people of Finland reduced their electricity consumption by a temperature-corrected total of approximately seven per cent compared with the previous year.

People in Finland continued to use electricity sparingly in February. Adjusted for temperature, the saving was five per cent in comparison with the same period last year. A similar saving was made in January. February included some days that were milder than average, but also some that were colder than average. However, there were no prolonged periods of very low temperatures. The electricity system of Finland and international connections worked without disruptions in February, and the spot price of electricity remained moderate.

Fingrid first warned of the threat to the adequacy of electricity and the elevated risk of an electricity shortage in August. Three important factors were considered to affect the adequacy of electricity: the weather conditions, domestic power production capacity, including the schedule for the commissioning of the Olkiluoto 3 nuclear power plant, and electricity trading with Sweden and Estonia.

“In the winter months, there has been enough electricity in Finland. The weather has favoured electricity production, and production units and transmission links have operated reliably. I would like to thank everyone in Finland who has saved electricity and shown flexibility. The responsible actions of Finnish electricity consumers during the occasional bouts of very cold weather in December were instrumental in ensuring the adequacy of electricity,” emphasises Tuomas Rauhala, Senior Vice President, Power System Operation, at Fingrid.

Electricity consumption from August 2022 to February 2023 and comparison with the preceding year.
*) The figures for December (7,978), January (7,862), and February (6,833) are temperature-corrected.

This will be the last monthly electricity consumption bulletin this winter.

Further information:

Tuomas Rauhala, Senior Vice President, Fingrid Oyj, tel. +358 40 506 4695
Markku Piironen, Specialist, Fingrid Oyj, tel. +358 40 3511718 (electricity consumption statistics)
Email addresses are in the form firstname.lastname@fingrid.fi

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