In 2023, Finland experienced a significant shift in its energy landscape as it moved towards greater self-sufficiency in electricity production. The country’s total electricity consumption decreased by 2 percent to 79.8 TWh, and its net import of electricity was only two percent of its total consumption, down from previous years.
The most notable increase was in domestic electricity production, which saw a significant rise of 13 percent, leading to an astounding 86 percent drop in net imports. This meant that nearly 98 percent of Finland’s electricity needs were met by domestic production, the highest percentage since the late 1970s.
The production of nuclear power, wind power, and hydropower all saw substantial increases compared to the previous year. Solar power also showed growth but still accounted for less than one percent of total electricity consumption. Wind power production reached a record high of 14.5 terawatt hours, while nuclear power production rose to 32.7 terawatt hours, with nuclear power now making up 41 percent of Finland’s total electricity consumption.
Hydropower remained the second-largest energy source for electricity in Finland at 19 percent, followed by wind power at 18 percent. Thermal power production decreased significantly by 23 percent due to more efficient use and increased renewable energy sources replacing fossil fuels for heating purposes. Cogeneration of electricity and heat also saw a decrease from the previous year as it was replaced by more renewable energy sources like biomass and waste-to-energy plants.
This information is based on electricity statistics produced by Energiateollisuus ry., which highlights how Finland has made great strides towards becoming more sustainable and independent in its energy needs while still maintaining a strong grid connection with neighboring countries.
