Price of electricity in Finland peaks at 2.35€/kWh today. Keeping my tiny granny cottage warm costs me over 50 euros for a single day. It's negative 25C (-13F) outside.
That massive spike of 50c/kWh at the left looks tiny compared to today even though that's already insanely expensive
Finland has more than 330 hydro power plants, with total capacity of over 3,100 megawatts in 2022. Hydro accounted for 18% of Finland’s total installed power generation capacity and 22% of total power generation in 2021.
WTFINLAND
Hydro-Québec Production main power plants (2020)
Total Others (49 hydro, 1 therma) - 13302 MW
This is Québec only. Other provinces that have more water and hills still have less hydro.
I don't think the fact that Finland is north and cold and icy is a factor either. A lot of Québec's power generating stations are in the desolate north, with some of the biggest ones on rivers flowing into the Hudson's Bay, and they were built in the 70s.
However looking at the relief and hydro and topo maps of Finland, while there's plenty of lakes, there's no strong rivers. Couple this with an apparent ban on new hydro, and we got the answer.