This winter, electricity prices in Finland have experienced significant volatility, with costs occasionally exceeding 80 cents per kilowatt-hour. Minister of Economic Affairs Sakari Puisto addressed this issue in an interview on Yle's Ykkösaamu, explaining that the rising prices are primarily due to the increased reliance on renewable energy sources, particularly wind power. He emphasized the need for a more stable power supply to mitigate the price spikes, as the current system is highly sensitive to the fluctuations associated with renewable energy.

Puisto highlighted the crucial role of basic power and the need for substantial backup power sources to stabilize the situation. He underscored the importance of hydro power and electricity storage as key components in managing these fluctuations effectively. The minister's insights reflect a growing concern over the sustainability and reliability of Finland's energy infrastructure, particularly as the country transitions to more renewable sources.

Additionally, Puisto raised awareness about the significance of peat production, despite prior reductions in this sector. He suggested that having a reliable backup system is essential to prepare for worst-case scenarios as Finland moves forward in its energy policy. This proposal indicates a balancing act between embracing renewable energy and maintaining energy security, a challenge that many countries face in the current global energy landscape.