A new phenomenon will soon appear in the price of electricity

What will happen to the price of electricity if the big data center projects planned for Finland come to fruition? Can the boom be reflected in consumer prices?

“It certainly can and can be seen, but how much?” says Kauppalehti’s editor Päivikki Pietarila Economic morning.

The global data center boom is not abating. On the contrary, there are many projects in the pipeline. There are new projects According to the Confederation of Business also pending in Finland for more than 12 billion euros.

Data centers are electricity guzzlers. That is why the phenomenon has awakened discussion and even resistance among ordinary consumers in the world.

The cold and windless winter weather at the beginning of the year has once again brought high electricity prices to the headlines in Finland. At the same time, here too, we are thinking about what will happen to the price of electricity if the planned large data center projects come online.

“We already have a situation where electricity is expensive when there is no wind power and everything is heated at once. It is something that needs to be solved in any case in Finland, regardless of the data centers,” says Pietarila.

A widely recognized need is the need for regulating power alongside renewables. The increase in renewable production depends on whether there are users for it.

Data center projects typically start renewable energy projects. Production increases if consumption increases. Data center demand also creates supply.

“In that sense, the effect is not quite so dramatic.”

Monday’s Talousaam was also discussed At least plans and the collapse of two listed companies. Watch the full broadcast below.