The Ministry of Economic Affairs and Employment has appointed a working group to prepare a proposal for reforming the Electricity Market Act to integrate the increasing electricity production and the growing load demands into the transmission network and the high-voltage distribution networks. The working group should submit its proposal to the Ministry by 29 November 2024.

Clean energy is one of the main themes of Prime Minister Petteri Orpo’s government program in Finland. The energy and climate policy actions for the coming years will be outlined in a comprehensive national strategy. The key objective is to establish a predictable and economically sustainable foundation for the significant investment efforts needed to advance both climate goals and our national economy.

On 21 March 2024, the Government appointed Juhapekka Ristola, Master of Laws trained on the bench, to serve as Director General of the Innovation and Enterprise Financing Department of the Ministry of Economic Affairs and Employment for the period of 1 April 2024–31 March 2029.

The Ministry of Economic Affairs and Employment has outlined the priorities for energy aid in 2024. Energy aid promotes the production of renewable energy, renewable hydrogen and fuels refined from it, energy saving or more efficient production or use of energy, utilisation of waste heat or the transition towards a low-carbon energy system in other ways.

The Ministry of Economic Affairs and Employment has granted approximately EUR 30.9 million in energy investment aid under Finland’s Recovery and Resilience Plan to 12 projects related to energy infrastructure and the electrification and decarbonisation of industrial processes. Minister of Climate and the Environment Kai Mykkänen signed the aid decisions on 19 December 2023.