Likhachev said that Finland sometimes exports electricity

The head of Rosatom, Alexei Likhachev, said that Finland, which used to regularly buy electricity abroad, now exports it in some periods. He gave this example, explaining the role of nuclear power plants in the European market.

As a benchmark for the assessment of wholesale prices in Finland, Alexey Likhachev cited indicators of peak years. The weighted average price after the third unit of the Olkiluoto nuclear power plant reached full capacity was below this level by more than 50%.

To compare wholesale prices, Rosatom CEO cited France and Germany. In France, with its developed nuclear energy per MWh, according to him, pay from 60 to 90 euros. In the German wholesale market, the price often exceeds this level by 15-30 euros per MWh.

At the price of an atomic kilowatt-hour, the uranium component takes from 5 to 10%, the head of Rosatom explained. Therefore, the cost of electricity from nuclear power plants is less dependent on changes in the fuel markets. According to him, this cost structure helps nuclear power to contain fluctuations in electricity prices.

The head of Rosatom noted that enterprises need affordable electricity for years to come. High prices pose risks to industry and Europe’s position in high-tech industries. “Without affordable electricity at predictable prices, there is neither modern production, nor the IT sector, nor AI technologies,” said Alexey Likhachev.

The impact of the EU energy policy on Europeans, according to the head of the state corporation, can be judged by the coming winter. He talked about the decisions of the European Union over the past five years.