Energy situation and financial support for electricity

Russia’s war of aggression in Ukraine has led to problems with the price and availability of energy across Europe. 

Electricity savings and possible power cuts

Finland needs a great deal of energy for heating, transport and industry. Especially in winter, there may be occasional power shortages. Factors affecting the availability of electricity include long periods of freezing temperatures with no wind, servicing disruptions at power plants, and the high demand for electricity in Central Europe. 

If the demand for electricity exceeds the supply, controlled regional power cuts may be needed to prevent overloading the power grid. Reducing the use of electricity and avoiding consumption during peak hours helps to mitigate the risk of power outages.

The Government has introduced a temporary EUR 10 billion loan and guarantee scheme to stabilise the electricity market. The purpose of the programme is to ensure that actors playing a key role in the functioning of the electricity market have sufficient liquidity and are able to operate.

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Fixed-term financial support for electricity

In winter, the costs of electricity and heating are exceptionally high. To alleviate the plight caused by high household energy prices, the Government has decided to implement several measures.