Over the last 12 months, the average price of electricity on the exchange has been only 4.69 cents/kWh (including 25.5% VAT). This is a historically exceptionally low level, which gives Finnish companies an edge in international competition.
And it’s not a coincidence.
Why do electricity prices stay low for so long?
The Finnish electricity market is now undergoing a fundamental structural change:
- Olkiluoto 3 has added stable nuclear power to the grid.
- Wind and solar power continue to grow at a furious pace.
- Electricity storage and new transmission links will smooth out production fluctuations and improve security of supply.
Together, these factors create an oversupply that will keep electricity prices low for years to come. For businesses, this is a golden opportunity – but only if it is seized.
Cheap electricity is useless if you don’t know how to use it
Low electricity prices alone do not guarantee a competitive advantage. The real benefits will only be realised when a company knows how to take full advantage of it. It means:
- Optimising consumption for the cheapest hours.
- Investing in energy efficiency and intelligent control systems.
- Targeting electricity where it adds most value – not just where it has always been used.
You need a partner who understands both the technology and the market. With the right skills, cheap electricity becomes a strategic asset.
LeaseGreen – the best use of cheap electricity
At LeaseGreen, we help companies turn low electricity prices into a tangible competitive advantage. Our solutions connect:
- Energy data analytics – you know exactly where and when to use electricity.
- Technical investments – from storage to automation control.
- Financial optimisation – maximising savings and returns.
The benefits of cheap electricity are particularly great for heat pump solutions: cheap electricity allows heat and cooling to be produced at the best price on the market – while reducing dependence on fossil fuels.
With electricity prices now on your side, we’ll make sure you stay one step ahead of the competition.
Contact us today to turn the era of cheap electricity into your era of victory.
AUTHOR
Jere Kilpi
Director, Commercial Solutions
+358 40 451 3976
jere.kilpi@leasegreen.com