Energy Authority regulates and promotes operation of the electricity and gas markets, emission reductions, energy efficiency and the use of renewable energy.
In accordance with Article 28 of Commission Regulation the Energy Authority carries out a consultation. The consultation is open from 11th November until 25th November 2022.
The Energy Authority reserves the opportunity for those interested in the matter to present their views on the Terms and Conditions of Balancing proposed by the transmission system operator. Statements must be submitted to the Energy Authority no later than 23 November 2022.
It is very important that EU Member States continue exporting electricity and gas to neighbouring countries in order to secure sufficient supply of energy during the coming winter. This is highlighted in a press release of the European Union Agency for the Cooperation of Energy Regulators (ACER). ACER emphasises that an integrated energy market supports the sufficient supply of energy in all Member States and lowers the peak prices of gas and electricity.
On 1 January 2020, the single entry tariff zone of Finland, Estonia and Latvia (FinEstLat) started operating. The merger of FinEstLat means the linking of the Finnish, Estonian and Latvian markets, removing the internal tariffs in the region and setting the entry tariffs in the region at the same level, by applying the inter-TSO compensation (ITC) mechanism. The results of the operation of FinEstLat single entry tariff zone are greatly positive.
The Energy Authority has prepared enclosed report on the state of the Finnish electricity and natural gas markets in 2021.
Total emissions of Finnish installations within the scope of the EU’s emissions trading system were 20.3 million tonnes of carbon dioxide in 2021. Emissions increased by 3.8 per cent from 2020.
Preparing for disruptions in the electricity grid and natural gas network through emergency planning
Electricity grid and natural gas network companies maintain emergency plans to prepare for disturbances, rationing measures required by disturbances, and exceptional conditions referred to in the Emergency Powers Act. Electric grid companies must update their emergency plans by the end of June 2022.
Household electricity bills rose by a quarter in 2021 - sharpest change was for users of electric heating
The full price paid for household electricity grew by 25.1 percent in 2021, while the cost for homes heated by electricity increased by 35.3 percent. Electric energy rose sharply in price, but distribution rates showed a slight decline last year.
Electricity is expected to be sufficient in Finland during the cold winter months - long periods of sub-zero temperatures may restrict the importation of electricity from neighbouring countries
The Energy Authority is expecting Finland’s production capacity and importation of electricity from neighbouring countries to meet the demand for electricity this winter. However, the capacity situation in Central Sweden is worsening, and simultaneous peak consumption in neighbouring countries could affect the availability of imported electricity. Reserve power plants are ready to operate if the production and consumption of electricity are not balanced in market conditions.
Energia 247 stops supplying electricity - The Energy Authority urges customers to get a new electricity provider without delay
Energia 247 Oy will cease supplying electricity to its customers as of 4 December 2021 due to financial difficulties. The supply of electricity is not interrupted, but customers must enter into a new electricity contract with a new provider without delay.