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.

The Ministry of Economic Affairs and Employment will organise a consultation round on the draft act on the new state capital investment company from 10 April to 8 May 2024. The new company will be given an industrial policy task with a stronger focus on economic growth, renewal and promotion of investments. ä.

The Ministry of Economic Affairs and Employment has sent for comments an environmental impact assessment programme (EIA programme) concerning the continued operation of Teollisuuden Voima Oyj (TVO) Olkiluoto 1 and Olkiluoto 2 nuclear power plant units in Eurajoki. TVO submitted the EIA programme to the Ministry in January. The deadline for submitting comments is 25 March 2024.

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.

The Ministry of Economic Affairs and Employment has appointed a steering group to prepare an industrial policy strategy in accordance with the Government Programme. The strategy will be drawn up in close interaction with Finnish business and industry and other key interest groups. Permanent Secretary Timo Jaatinen from the Ministry of Economic Affairs and Employment will serve as chair of the steering group. The group will prepare an interim report by summer and submit its final report by the end of 2024.