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Inflation & Prices

Finnish Minister Cites 463% Jump in Power Rate as Crisis Stings

Mika Lintila
Mika LintilaPhotographer: Emmi Korhonen/AFP/Getty Images

The worst energy crisis in decades is hitting the wallet of Finland’s Economy Minister Mika Lintila, whose power rate recently jumped by 463%, according to newspaper Ilta-Sanomat.

Lintila has electrical heating at home, which is typically the most expensive way to warm up houses in the Nordic country and beyond. He now pays 49 euro cents per kilowatt-hour, up from 8.7 cents previously, Ilta-Sanomat reported on Wednesday.