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Economy of Finland


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s included durables, high quality products, and spending on well-being.

Energy

Anyone can enter the free and largely privately owned financial and physical Nordic energy markets traded in NASDAQ OMX Commodities Europe and Nord Pool Spot exchanges, which have provided competitive prices compared to other EU countries. As of 2007, Finland has roughly the lowest industrial electricity prices in the EU-15 (equal to France).

In 2006, the energy market was around 90 terawatt hours and the peak demand around 15 gigawatts in winter. This means that the energy consumption per capita is around 7.2 tons of oil equivalent per year. Industry and construction consumed 51% of total consumption, a relatively high figure reflecting Finland's industries. Finland's hydrocarbon resources are limited to peat and wood. About 10–15% of the electricity is produced by hydropower, which is little compared to more mountainous Sweden or Norway. In 2008, renewable energy forms (mainly hydropower and various forms of wood energy) made high 30.5% compared to the EU average 10.3% in final energy consumption.

Finland has four privately owned nuclear reactors producing 18% of the country's energy, one research reactor at the Otaniemi campus, and the fifth AREVA-Siemens-built reactor—the world's largest at 1600 MWe and a focal point of Europe's nuclear industry—is currently scheduled to be operational by 2014. A varying amount (5–17%) of electricity has been imported from Russia (at around 3 gigawatt power line capacity), Sweden and Norway.

Finland negotiated itself expensive Kyoto and EU emission terms. They might be causing an increase in energy prices, amplified by the aging and soon decommissioned production capacity. Energy companies are about to increase nuclear power production, as in July 2010 the Finnish parliament granted permits for additional two new reactors.

Transport

The extensive road system is utilized by most
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