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15.7.2024 | On 15 July 2024, the Ministry of Transport and Communications published an assessment report on how the electrification of transport could contribute to the flexibility of the Finnish energy system. In accordance with EU requirements, the report describes the current state of the opportunities which the electrification of transport could offer and proposes measures. 

5.2.2026 | The State of Finland is acquiring the Class A shares in Fingrid currently owned by Ilmarinen Mutual Pension Insurance Company. The total share purchase price is about EUR 401.3 million. The acquisition will strengthen the State’s ability to steer Fingrid, which a company of strategic interest.

18.2.2022 | Energy prices have risen substantially over the past year both in Finland and throughout Europe. Energy prices have risen less in Finland than the euro zone average, but significantly nonetheless. The Government has decided on temporary targeted measures in response to rising energy prices.

8.6.2026 | Minister for Foreign Trade and Development Ville Tavio will lead a Team Finland trade mission to Dalarna and Västmanland, Sweden, on 9–10 June. The business delegation to accompany Minister Tavio consists of eight Finnish companies working in automation, smart grids and information networks, energy production and cloud services.

12.8.2021 | The Government issued a new decree on electricity supply settlement and measurement on 12 August 2021. The decree lays down provisions on the 15-minute balance settlement period, the transition towards the so-called single price model in the electricity market, and the changes in electricity supply settlement caused by the introduction of Datahub – a centralised information exchange system for the electricity retail market.

7.5.2026 | The State is selling Class B shares in Fingrid to OP Pohjola. Earlier this year, the State acquired the Class A shares in Fingrid owned by Ilmarinen. Fifty of these shares will now be converted into Class B shares. Following the arrangement, the State’s holdings in Fingrid will 59.5 per cent.

21.2.2022 | Datahub, the centralised information exchange system for the electricity retail market, went live on 21 February 2022. Datahub centralises the data from about 3.8 million electricity accounting points in a single system, and it significantly accelerates the exchange of information in the electricity retail market. Datahub is a key part of the flexible power system of the future.

15.7.2021 | On 15 July 2021, the President of the Republic approved legislation to curb rises 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 enter into force on 1 August 2021.

2.12.2021 | The Government has submitted the Act on the guarantee of origin of energy to the President of the Republic for approval. The Act will make it easier for customers to influence the origin of the energy they are buying through a reliable system. With the guarantee of origin, consumers can trust that the energy marketed and sold to them as renewable is in fact produced from renewable energy sources. The Act will enter into force on 3 December 2021.

18.12.2025 | Finland’s economic recovery has been weaker than expected this year. The general government deficit is wide, and the debt ratio will continue to grow, estimates the Ministry of Finance in its economic forecast published on 18 December.

6.11.2023 | It's only been four years since Finland's natural gas imports were entirely dependent on the Russian pipeline connection. At the beginning of 2020, the Balticconnector between Finland and Estonia was commissioned, and a year ago, in the conditions of energy crisis, so was the floating LNG terminal in Inkoo. In an amazingly short time, Finland has changed gas monopoly to global LNG market. After ...

1.9.2022 | The measures taken in the administrative branch of the Ministry of Economic Affairs and Employment will support economic growth that is socially, economically and ecologically sustainable. The key objectives include ensuring a predictable investment environment, promoting productivity growth and full use of available labour, supporting clean technology investments and improving energy self-sufficiency.

20.10.2021 | The Ministry of Economic Affairs and Employment has granted Fingrid Oyj a permit to construct a transmission line of 400 kilovolts that will cross the border between Finland and Sweden. The interconnector would increase the transmission capacity between Finland and Northern Sweden from Sweden to Finland by 800 MW and from Finland to Sweden by 900 MW.

22.6.2022 | A national hydrogen network will be established in Finland. On Wednesday 22 June, the Ministerial Committee on Economic Policy supported expanding the group-level mandate of the wholly state-owned Gasgrid Finland Oy to include hydrogen transmission infrastructure and the development of a related hydrogen market in Finland.

30.9.2026 | The EU Methane Regulation requires energy sector operators to measure, report and reduce their methane emissions. According to the Regulation, EU Member States must appoint an authority to oversee compliance with the obligations and lay down rules on penalties following non-compliance. The government proposal concerning the legislation will be circulated for review from 30 September to 21 October 2026.

4.8.2023 | Before Russia's invasion of Ukraine in February 2022, approximately one third of the energy used in Finland was imported from Russia. That share was reduced almost to zero in a few months, and the energy war launched by Russia increased consumer prices remarkably. As the energy markets have changed, it is the time to look how Russian energy was replaced and what more permanent effects trade changes will have.

2.3.2023 | The acts on the temporary retroactive reimbursement for electricity costs, the extension to payment period of electricity bills and the temporary support to secure the liquidity of electricity companies and other related legislation will enter into force on 6 March 2023. The acts are set to be approved at the presidential session on Friday.

20.12.2022 | The aim of the legislative amendment is to support low-income households that have difficulties in paying their electricity bills. Financial support for electricity will be available to households that cannot, due to their low income, fully make use of the tax credit for household expenses to deduct their electricity bills.

15.12.2023 | Hydrogen is the fuel of the stars and makes our life possible. Humanity, however, is still in its infancy in harnessing fusion nuclear power as an energy source, so the role of hydrogen on Earth is different - at least for the moment. Traditionally, it already works as a raw material for many industrial processes, for example oil refining. A new, climate-based need is to utilize clean hydrogen in industrial processes that replace fossil-based production.

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.