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Electricity market Finland’s electricity market was gradually opened to competition after the passing of the Electricity Market Act in 1995. Since late 1998, all electricity users, including private households, have been able to choose their prefe...https://tem.fi/en/electricity-market
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Report on smart grids´ potential for the electricity market The Finnish power system is facing significant changes. Increased use of renewable energy and weather-dependent variable production changes the operating logic of the power system and the...https://tem.fi/en/working-group-to-explore-smart-grids-potential-for-the-electricity-market
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Up-to-date information on possible power shortages This page contains information on how and why everyone should participate in saving energy, what will cause a possible power shortage and how to act in the event of one. Saving energy and reducing...https://tem.fi/en/information-on-electricity-shortages
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Energy communities promote the production and distribution of renewable electricity Electricity users’ role in the electricity system has grown as a result of the green transition. A decree that allows private individuals, communities and companie...https://tem.fi/en/energy-communities
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Nuclear power forms the basis of Finland's electricity production Photo: TVO Approximately 40% (39% in 2024) of the electricity produced in Finland comes from nuclear energy. Nuclear energy plays a major role in the implementation of the Finnish C...https://tem.fi/en/nuclear-energy
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Regular electricity production at Olkiluoto 3 plant unit started in 2023 In January 2002, the government made a favourable decision-in-principle on Teollisuuden Voima Oyj’s (TVO) Olkiluoto 3 nuclear power plant project, which was ratified by the F...https://tem.fi/en/nuclear-facilities-and-projects/olkiluoto-3
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23.10.2025 | The amendment to the Electricity Market Act will promote the integration of the increasing electricity generation and growing consumption loads into the main grid and high-voltage distribution network. The Government submitted the Act to the President of the Republic for approval on 23 October 2025. The Act will enter into force on 1 January 2026.https://tem.fi/en/-/lakimuutos-puhtaan-energian-investointien-edistamiseksi-ja-sahkoverkkojen-kehittamiseksi-hyvaksytty-1
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8.5.2025 | On 8 May 2025, the Government submitted to Parliament a proposal for acts amending the Electricity Market Act and sections 12 and 96 of the Natural Gas Market Act. The main objective of the proposal is to facilitate the integration of the increasing electricity generation and consumption loads into the transmission system and high-voltage distribution networks.https://tem.fi/en/-/legislative-amendments-to-boost-integration-of-increasing-electricity-generation-and-consumption-into-electricity-grids
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19.11.2025 | Publications of the Ministry of Economic Affairs and Employment • Energy • 39/2018 A Flexible and Customer- driven Electricity System Final report by the Smart Grid Working Group Ministry of Economic Affairs and Employment, Helsinki 2018 Flexible ...https://tem.fi/documents/1410877/3481825/TEM_39_2018.pdf/1cec6f62-238f-a462-36a3-c5f446c07f2b?t=1763544894813
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27.5.2025 | The working group on non-fossil flexibility appointed by the Ministry of Economic Affairs and Employment has released its final report. According to it, flexible demand for and supply of electricity as well as various energy storages will be necessary to respond to the challenges of rapidly fluctuating electricity generation driven by increasing renewable energy production.https://tem.fi/en/-/working-group-on-non-fossil-flexibility-considers-a-model-for-promoting-security-of-supply-and-flexibility-of-electricity-market
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Selvitys älyverkkojen mahdollisuuksista sähkömarkkinoilla Suomalainen sähköjärjestelmä on merkittävien muutosten edessä. Lisääntyvä uusiutuva energia ja sään mukaan vaihteleva tuotanto muuttaa järjestelmän ja sähkömarkkinoiden toimintalogiikkaa. S...https://tem.fi/alyverkot
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12.4.2024 | 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.https://tem.fi/en/-/working-group-to-prepare-legislative-proposal-on-integration-of-increasing-electricity-production-and-growing-load-demands-into-high-voltage-grids
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26.4.2026 | On 26 April 2026, Minister of Climate and the Environment Sari Multala visited Ukraine to attend memorials commemorating the Chornobyl nuclear power plant accident 40 years ago and to participate in a high-level meeting on improving the plant safety. She also took part in a G7+ meeting in Kyiv to discuss support for Ukraine for the winter of 2026–2027 amid Russia’s continuing attacks on energy and civilian targets.https://tem.fi/en/-/minister-sari-multala-attends-40th-anniversary-commemoration-of-chornobyl-nuclear-accident-in-ukraine
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18.9.2024 | The increase in variable renewable electricity generation has increased the variation in the supply available on the market, and as a result, affected security of supply and increased the fluctuation in electricity prices. Generation may vary significantly within days, between days and at different seasons, sometimes unpredictably.https://tem.fi/en/-/working-group-to-explore-ways-to-promote-security-of-supply-and-flexibility-of-electricity-market
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17.3.2022 | On 17 March 2022, the Government issued a decree on infrastructure support for the use of electricity, biogas and renewable hydrogen in transport between 2022 and 2025. The aim is to promote the use of these alternative fuels in road transport by supporting investments in the charging and gas refuelling network.https://tem.fi/en/-/decree-on-infrastructure-aid-helps-expand-recharging-and-refuelling-network-for-electric-gas-and-hydrogen-vehicles
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Reserve stocks and preparedness planning secure energy supply In Finland, the security of energy supply is based on the country’s decentralised, diversified and efficient energy production. Stocks of imported fuels and contingency and preparedness...https://tem.fi/en/security-of-energy-supply
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Russian attack on Ukraine Russia launched an attack on Ukraine on 24 February 2022. Finland has strongly condemned Russia’s military actions in Ukraine and supports Ukraine’s independence, sovereignty, self-determination and territorial integrity....https://tem.fi/en/russian-attack-on-ukraine
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5. RRF energy investment aid projects granted aid A total of EUR 537.7 million has been reserved for energy investment aid under Finland’s Recovery and Resilience Plan. Funding is available to the following types of projects: Investments in energy...https://tem.fi/en/rrf-energy-investment-aid-projects-granted-aid
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28.1.2021 | On 28 January 2021, the Government submitted a proposal to Parliament to curb the rise in electricity distribution prices and cut the profits of distribution companies by amending the Electricity Market Act and the Act on the Supervision of the Electricity and Natural Gas Market. The Acts are intended to enter into force as soon as possible.https://tem.fi/en/-/legislative-proposal-to-cut-electricity-distribution-prices-and-profits-of-distribution-companies
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Heating market Electricity and heat production must be nearly emissions-free in Finland by the end of the 2030s while also taking into account the perspectives of security of supply and servicing. In accordance with the Act approved in 2019, coal-...https://tem.fi/en/heating-market