Iivo Vehviläinen

Professor of Practice
Professor of Practice
E703 Dept. Economics

My research is applied microeconomics with strong focus on energy markets. In addition, I have intrest in market structures, market performance and regulation. I have a PhD from the application of mathematical finance to the Nordic electricity markets. Adjunct to my academic interests I have worked in the energy industry.

My current focus is on three themes related to the ongoing energy transi-tion. First, what is the impact of renewable energy to electricity markets, especially how wind power affects hydro dominated Nordic market. Second, given the market impacts, how will incumbent utilities react, nuclear power in Sweden in particular. Third, what are the economic viabilities and distributional impacts of demand side technologies, such as demand response and battery storage.

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Honors and awards

AEI Award

Award or honor granted for a specific work Department of Economics Jan 2023

The Societal Influencer of the Year 2022

For work during the Energy Crisis of 2022.
Award or honor granted for a specific work Department of Economics Jan 2023


Sähkön hinnannousun ja sähkötukien arvioidut vaikutukset kotitalouksiin

Lassi Ahlvik, Sara Alhola, Theo Blauberg, Henna Laasonen, Matti Liski, Olli Malinen, Mari Mattila, Oskari Nokso-Koivisto, Anna Sahari, Meeri Seppä, Max Toikka, Antti Valkonen, Iivo Vehviläinen 2023

Electricity market design: Views from European economists

Stefan Ambec, Albert Banal, Estelle Cantillon, Claude Crampes, Anna Creti, Francesco Decarolis, Natalia Fabra, Reyer Gerlagh, Karsten Kneuhoff, Camille Landais, Matti Liski, Gerard Llobet, David Newbery, Michele Polo, Mar Reguant, Sebastian Schwenen, Iivo Vehviläinen 2023

Rivers under pressure: Interdisciplinary feasibility analysis of sustainable hydropower

Antti Iho, Niko Soininen, Iivo Vehviläinen, Saija Koljonen, Janne Artell, Antti Belinskij 2023

National and EU climate policies in conflict: Lessons from three sectors in Finland

Matti Liski, Iivo Vehviläinen 2023 Nordic Economic Policy Review 2023

Rational Rationing: A Price-Control Mechanism for a Persistent Supply Shock

Reyer Gerlagh, Matti Liski, Iivo Vehviläinen 2022