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.

News Electricity and natural gas market Press release
The Energy Authority proposes administrative fine of approximately EUR 9.25 million to Kinect Energy Sweden AB

The Energy Authority has submitted a proposal on 23 April 2026 to the Market Court requesting the imposition of administrative fine of EUR 9,254,600 on Kinect Energy Sweden AB for a breach of the prohibition of market manipulation. Already in December 2025, the Energy Authority concluded that Kinect Energy Sweden AB had infringed the prohibition of market manipulation laid down in the REMIT Regulation. The Energy Authority is now, for the first time, proposing the imposition of a administrative fine for breach of the REMIT Regulation.

News Electricity and natural gas market Press release 2025
Kinect Energy Sweden AB breached the prohibition of market manipulation

The Energy Authority considers that Kinect Energy Sweden AB has breached the prohibition of market manipulation under the REMIT Regulation. The Energy Authority will propose to the Market Court the company to be ordered to pay an administrative fine. The Authority investigated an erroneous sell bid submitted by the company to the day-ahead electricity market in 2023.