The main Russian electricity company, Inter RAO, has suspended electricity supply for Finland this Saturday due to a problem of non-payment of electricity already transferred .
The operator of the Finnish electricity network, Fingrid Oyj, has already informed on Friday that Inter RAO’s Finnish subsidiary, RAO Nordic, would stop sending electricity at 1 a.m. on Saturday.
“The direct or bilateral sale of electricity imported from Russia will be suspended.” the sale of electricity imported from Russia until further notice due to problems with receiving payments for electricity sold on the market, according to RAO Nordic”, the Russian company has published, according to the Russian news agency TASS .
“RAO Nordic Oy has been importing electricity and selling it to the Nord Pool electricity exchange for many years. Unfortunately, we are forced to note that the volume we have sold on the Nord Pool exchange since May 6 has not been covered by our bank account,” Fingrid Oyj said in a statement.
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The Finnish network points out that it is “an exceptional situation that has happened for the first time in more than 20 years of trade”, but “in Due to the current situation of lack of income, RAO Nordic cannot afford the payments for electricity imported from Russia” and “therefore we are forced to suspend the importation of electricity as of May 14”.
RAO Nordic Oy has assured that Sweden will compensate. The lack of import of electricity from Russia will increase. own generation in Finland.
“Finland’s self-sufficiency in electricity generation is constantly improving,” according to Fingrid Oyj, who mentions in particular the increase in wind generation that is “increasing every year.” “This year alone it is expected to generate 2,000 more megawatts of wind power” and hopes to achieve electrical self-sufficiency in 2023″, Fingrid has riveted.
For its part, RAO Nordic Oy hopes that the situation with Russia “improves quickly” and for electricity trading to resume “soon enough.”
Statistics Finland estimates that 52 percent of the total energy value imported by the country comes from Russia. The majority is oil, which accounted for 80 percent of the total in 2021. As for gas, the imported value doubled. in 2021.
The value of electricity imports has also tripled, accounting for more than 12.5 percent of the total last year. consumed, while the total value of energy imports grew. 17 percent in 2021.