Fingrid Oy today presented its outlook for energy consumption and production based on four different scenarios, one of which is the Vedy mainstream. The scenarios are:
1. Significant growth in onshore wind and solar power across much of Finland, including eastern Finland and eastern Lapland.
2. More moderate consumption growth, but large conventional nuclear power plants have a significant impact on grid development.
3. Very strong consumption growth, with enabling onshore wind growth, especially in western and central Finland.
4. The role of interplay between electricity and hydrogen systems is highlighted. The role of flexible electricity consumption in urban areas will play an important role in consumption growth, while electricity generation will be strongly concentrated on the west coast with the growth of offshore wind power.
Increasing electricity generation will enable consumption growth - and vice versa
In the coming years, electricity generation growth will come in particular from wind and solar power - excellent cost competitiveness. Growth in nuclear will come from capacity upgrades, small nuclear and conventional nuclear - new investments need support.
Conventional cogeneration is declining. Potential new peaking power important for flexibility, but annual production volumes are low. Hydropower will remain unchanged and will be an important source of flexibility, pumped hydro will increase flexibility. The range of scenarios is 148-268 TWh.
