Electricity consumption flexibility as an economic component of households

Abstract

The current thesis study focuses on two main goals: 1) Researching the energy industry in Finland 2) The preparation of an extensive report that highlights the variations based on the theoretical basis that has been obtained. The goal of the research is to identify and emphasize the advantages of micromanaging energy use in order to highlight relationships between economics and economy. The analysis of data that can provide different perspectives on the topic's technological and microeconomic aspects is the focus of the thesis. Quantitative research was done to understand Finland's energy economy as it stands today. Data for this study was gathered using a variety of research techniques, including collaboration with and surveying firms, as well as empirical survey delivery. Another crucial component of data analysis is qualitative data elements. The result of the study demonstrates the correlation between economy and flexible energy consumption. Based on the acquired market knowledge, suggestions for further development of Finnish energy industry were presented and explained.