CEO of Helen: Sufficient energy is available for the winter season – “World market prices are what they are”

Helen’s CEO Juha-Pekka Weckström according to the war in Ukraine does not affect the price of district heating sold by Helen right now, because spring and summer prices have already been locked in half of last year.

The price increases for Helen’s district heating were publicized last winter. Owned by the city of Helsinki, Helen is a large producer of district heating and electricity.

Helen’s district heating heats more than 90 percent of Helsinki.

Russia’s war of aggression against Ukraine and its direct and indirect effects have in many ways changed the situation of the energy market in Europe.

Weckström states that the world market prices and costs of the fossil raw materials used by Helen have risen considerably since the same period last year.

He also states that the increased prices of energy commodities have a strong impact on Helen’s costs as well.

According to Weckström, the overall effects on Helen’s district heating prices will be examined next time in August, when the price for the autumn season is set.

“The use of natural gas depends on the price”

Due to Russia’s actions, possible new sanctions or other possible, for example technical reasons, it is unclear to what extent natural gas will come from Russia to Europe in the future. Pipeline gas coming to Finland from Russia stopped in the spring.

Weckström says that outside the heating season, Helen has no need to use natural gas.

If necessary, it is possible for Helen to obtain natural gas through the Baltic Connector pipe. The future floating LNG terminal in Inkoo will improve the availability of LNG in Finland.

“The use of natural gas depends on the price,” says Weckström.

Along with natural gas, the price of coal has also risen significantly.

Weckström says that the coal import ban from Russia set by the EU came into effect on April 9, but that import ban will not be applied until April 9. to the agreements made before only 10.8. from

Helen would have liked the sanctions to have come into effect in full immediately, so that they would have had an impact on Helen’s existing contracts.

In any case, the last cargo of Russian coal has now arrived at Helen, and according to Weckström, no more cargoes are coming.

Helen now buys coal from other countries, including Australia. According to Weckström, coal is available in sufficient quantities, but the price has risen.

The director of the energy supply department of the Security of Supply Center Pia Oeschin (KL 5.7) in Finland, you have to be prepared for the fact that next winter electricity, heating and fuel can be really expensive.

Weckström says that Helen has been able to organize its energy procurement in such a way that it is not dependent on Russia and that as much energy is obtained for the coming winter season as needed.

“World market prices are what they are,” says Weckström.

Helen’s dependence on fossil fuels is gradually decreasing. Vuosaari’s bio-heating plant will be completed for the coming heating season. This plant replaces the Hanasaari power plant, which will be closed after next winter.

Helen’s other investments in renewable energy production are progressing in accordance with the company’s strategy. There are investments in, among other things, the utilization of waste heat from data centers and the production of solar energy and especially wind power.

Recently, Helen told about the progress of the seawater heat recovery project. On Wednesday, Helen also said that she would establish a joint venture focusing on geothermal solutions LämpöYkkönen with.

By Editor

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