Finns must be prepared for power outages due to possible shortages electricity in winter, the manager of his electricity network announced Finland Fingrid began to reassess the situation.

Finland is dependent on imports to meet its needs and is facing reduced import capacity. energy from Sweden due to a two-month delay in the restart of the Ringhals 4 nuclear reactor.

“As a result of great uncertainty, Finns must be prepared for power outages due to possible power shortages in the coming winter.”

Karhu Voima Oy, a division of KSS Energia, filed for bankruptcy today due to skyrocketing electricity prices, which made the business unprofitable.

The company explained that various alternatives were considered, including a merger with the parent company, but this was also considered insufficient.

“Due to forecasts of high energy prices for the coming winter, the conditions for continued business activity are not met,” Olli-Pekka Radala, CEO of Karhu Voima Oy, said in a statement. “Filing for bankruptcy was an inevitable decision.”

^{Source: APE-MEB, Reuters}