• Wed. Sep 28th, 2022

Finnish log home maker burns midnight oil to cut electricity bill

ByRandall B. Phelps

Sep 5, 2022

A Finnish log house maker stopped all production during the day due to high electricity bills, only making log houses at night.

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(Bloomberg) – A Finnish log home maker has halted all production during the day due to high electricity bills, only making log homes at night.

This helped Mammutti Talotehdas Oy to reduce its electricity rate by around 98%. The company that pays spot tariffs for its electricity chooses a cost of around 2 to 3 euro cents per kilowatt-hour above the daytime tariff of up to 80 cents, chief executive Ilpo Nylander said in an interview on Monday. .

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“The difference between day and night costs is so huge that it offers huge savings potential, even with the extra night-only pay,” Nylander said by phone. “The conclusion here is that everyone wins.”

As businesses and households across Europe look for ways to save energy and survive rising bills, the decision to sacrifice sleep is meant to be temporary for the company based near Oulu , in northern Finland. Last year, it sold around 50 Mammuttihirsi-branded homes to Nordic clients. The decision was made with staff, who are now seeing an increase in their average salary, the CEO said.

“It’s not strange to work at night,” Nylander said. “But it’s strange not being able to keep the factory open during the day.”