Nordic energy market

In 2003, the largest market shares were as follows: Vattenfall 17%, Fortum 14.1%, Statkraft 8.9%, E.on 7.5%, Elsam 5%, Pohjolan Voima 5%.

About seven percent of electricity is produced from peat harvested from Finland's extensive bogs.

In recent years, a varying amount (5–17 percent) of power has been imported from Russia, Sweden and Norway.

There are plans to build a submarine power cable from Russia, but this is also considered a national security issue.

This together with heavy rain and snowfall each year makes for favourable hydropower conditions.

[11][12] Norway exports a significant share of its electricity production via existing submarine cables such as Skagerrak to Denmark, NorNed to the Netherlands.

There will be future exports via North Sea Link to the UK and NordLink to Germany.

The 1973 oil crisis strengthened Sweden's commitment to decrease dependence on imported fossil fuels.

In March 2005, an opinion poll showed that 83% supported maintaining or increasing nuclear power.

[18] Also in 2005, Sweden garnered international attention by announcing its intention to break its dependence on foreign oil within 15 years, with the goal of becoming the world's first oil-free economy.

Sweden had a policy of a single system price regardless of power differences between areas up until 2011.