ELECTRICITY AND NATURAL GAS MARKET
Effective electricity and natural gas markets enable the high reliability of energy supply and reasonable and competitive prices.
The Energy Authority supervises that the Finnish electricity and natural gas markets function in accordance with energy laws. It also aims to develop national, regional and EU energy markets in a sustainable way, and acts as the national supervisory authority in energy wholesale markets. In addition, the Energy Authority supervises and develops the reliability of the electricity and natural gas supply.
The Energy Authority to launch an investigation on an incorrect tender submitted to the power exchange on 23 November 2023
The Energy Authority will launch an investigation on the incorrect tender submitted to the power exchange in the Finnish bidding zone on Thursday 23 November 2023 and its effects on the functioning of the market and on different market participants. As the authority supervising the operation of the power exchange, the Energy Authority will investigate whether the regulation of the power exchange may have been violated in the case and how similar situations can be prevented in the future. The Agency shall investigate the matter in cooperation with regulatory authorities in other countries.
The Energy Authority has prepared enclosed national report on the state of the Finnish electricity and natural gas markets in 2022.