Iberdrola to Buy Caruna for €2 Billion as Finland Faces Higher Winter Power Costs
Updated
Updated · YLE News · Jul 24
Iberdrola to Buy Caruna for €2 Billion as Finland Faces Higher Winter Power Costs
3 articles · Updated · YLE News · Jul 24
Summary
Iberdrola’s planned €2 billion acquisition of Finnish grid operator Caruna could lift electricity transfer fees in southwestern and northeastern Finland, though the deal still needs EU approval.
Late-2023 rule changes already gave Finnish distribution companies more room to raise network charges, making fee increases under a new owner more plausible, according to analysts cited by Yle.
Winter power prices are also under unusual upward pressure because hydropower output in Sweden and Norway is weak, leaving the Nordic market more exposed when wind generation drops or cold weather hits.
The Iran war is adding to that strain by tightening natural-gas availability in Europe, pushing up Central European power prices and feeding through to the Nordic region.