Following Thursday’s report that Russia threatened to cut the flow of gas to Finland, Russia—through its entity RAO, will suspend imports of electricity to Finland as of 1:00 a.m. on Saturday, May 14, Fingrid said on Friday in a statement on its website. The Finnish transmission system operator, Fingrid, claims that the security of Finland’s power supply is not under threat, with 10% of its electricity consumption imported from Russia. Reima Paivinen, Senior VP of Power System Operations at Fingrid, said that whatever electricity is typically imported from Russia “will be compensated by importing more electricity from Sweden and by generating more electricity in Finland.” Finland has taken steps towards greater self-sufficiency with its electricity generation, with the amount it produces itself increasing every year, according to Fingrid. Another 2000 MW of electricity generation capacity is expected to come online this year, with self-sufficiency achieved next year. But natural […]