The Impact of Nuclear Power and Energy Decoupling on Finland's Electricity Market

The Impact of Nuclear Power and Energy Decoupling on Finland's Electricity Market

Join us for a deep dive into the dynamics of Finland's energy transition! Explore the findings of Thomas M. Solem and Sondre G. Berner's 2024 master's thesis analyzing how the Olkiluoto 3 nuclear power plant and the decoupling from Russian energy (RUXIT) have shaped Finnish electricity prices and market volatility. Using advanced statistical tools like quantile regression and GARCH models, the study reveals that Olkiluoto 3 reduced prices and volatility, while RUXIT caused the opposite effect. The analysis also examines the combined impact of these events, highlighting the importance of a balanced energy mix for price stability and reducing dependence on unstable energy sources.