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 Electricity and natural gas networks Press release 2024
Fingrid did not breach its connection and transmission obligation or the obligation to develop the grid when OL3 was connected to the grid

According to the Energy Authority’s view, the grid operator Fingrid Oyj did not breach its connection, transmission and development obligations when the Olkiluoto 3 nuclear power plant unit was connected to the electrical grid. 

News Electricity and natural gas market Press release 2023
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.