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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://valtioneuvosto.fi/en/-/1410877/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://valtioneuvosto.fi/en/-/1410877/legislative-amendments-to-boost-integration-of-increasing-electricity-generation-and-consumption-into-electricity-grids
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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://valtioneuvosto.fi/en/-/1410877/working-group-on-non-fossil-flexibility-considers-a-model-for-promoting-security-of-supply-and-flexibility-of-electricity-market
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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://valtioneuvosto.fi/en/-/1410877/working-group-to-prepare-legislative-proposal-on-integration-of-increasing-electricity-production-and-growing-load-demands-into-high-voltage-grids
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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://valtioneuvosto.fi/en/-/1410877/working-group-to-explore-ways-to-promote-security-of-supply-and-flexibility-of-electricity-market
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4.5.2026 | Prime Minister Orpo represented Finland at the eighth summit of the European Political Community (EPC) in the Armenian capital of Yerevan on Monday 4 May. The theme of the summit was building the future through unity and stability in Europe.https://valtioneuvosto.fi/en/-/prime-minister-orpo-deepening-cooperation-will-help-secure-the-future-of-europe-
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26.10.2023 | Finnish companies apply for EU funding for building recharging points for electric cars in the Baltic States and for hydrogen stations for heavy goods vehicles in Finland and Denmark. The Ministerial Finance Committee endorsed the applications on 26 October 2023.https://valtioneuvosto.fi/en/-/1410829/finnish-companies-apply-for-eu-support-for-electricity-and-hydrogen-refuelling-stations
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4.1.2024 | The price of exchange electricity – the spot price of electricity sold on the power exchange – will rise to record levels on Friday 5 January 2024. Even at its lowest, the hourly changing price of electricity, including the Finnish value added tax, will be more than a euro per kilowatt-hour (kWh) between 6.00 and 21.00 and more than two euros between 15.00 and 20.00.https://valtioneuvosto.fi/en/-/1410877/save-electricity-on-friday-spot-prices-are-up-to-20-times-higher-than-normal
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16.10.2023 | The EU energy ministers will convene in Luxembourg on 17 October 2023 for the first official Energy Council under the Spanish Presidency. The ministers will seek a general approach on a proposed Regulation to improve the EU’s electricity market design. Minister of Climate and the Environment Kai Mykkänen will represent Finland at the meeting.https://valtioneuvosto.fi/en/-/1410877/eu-energy-ministers-aim-to-reach-agreement-on-new-electricity-market-design
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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.https://valtioneuvosto.fi/en/-/1410877/acts-on-retroactive-reimbursement-for-electricity-costs-and-extended-payment-periods-of-electricity-bills-enter-into-force-next-week
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10.4.2024 | The European Union has granted EUR 1.9 million to Finnish businesses for constructing recharging points for electric cars in the Baltic States and EUR 4.2 million for constructing hydrogen charging points in Finland. Funding was granted under the Transport Programme of the Connecting Europe Facility, CEF.https://valtioneuvosto.fi/en/-/1410829/eur-6.1-million-in-eu-funding-to-finnish-businesses-for-construction-of-electricity-recharging-points-and-hydrogen-refuelling-stations
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8.12.2022 | The Government has issued a decree that lays down provisions on classification of critical electricity consumers during disruptions, power shortages and crises. Grid operators must update their preparedness plans in accordance with the decree.https://valtioneuvosto.fi/en/-/1410877/government-issues-decree-on-critical-electricity-consumers
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27.3.2023 | The EU energy ministers will convene in Brussels on 28 March 2023 for the first official Energy Council under the Swedish Presidency. The aim is to reach a general approach on the gas market package and to hold a policy debate on the European Commission’s proposal to revise the EU electricity market design published on 14 March. Ann-Mari Kemell, State Secretary to Minister of Economic Affairs Mika Lintilä, will represent Finland at the meeting.https://valtioneuvosto.fi/en/-/1410877/energy-council-to-discuss-gas-market-package-and-electricity-market-design
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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.https://valtioneuvosto.fi/en/-/1271139/financial-support-for-household-electricity-bills-in-spring-2023
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21.9.2022 | In 2017, Fortum’s Board of Directors decided that the company would become a major shareholder in the German energy company Uniper SE. With the acquisition, Fortum became the third-largest producer of emission-free electricity in the EU. At the same time, the company’s business activities expanded to include fossil energy production and commodities trading in Central Europe, and the scope of its activities in Russia increased.https://valtioneuvosto.fi/en/-/state-aims-to-safeguard-electricity-production-in-all-conditions
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4.9.2022 | In its meeting on 4 September, the Ministerial Committee on Economic Policy discussed measures required in the electricity derivatives market. Stabilisation measures were also discussed in the government evening session on 4 September. The proposed central government scheme is a last-resort financing option for companies that would otherwise be at risk of insolvency.https://valtioneuvosto.fi/en/-/government-proposes-measures-to-stabilise-the-electricity-derivatives-market
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4.9.2022 | In its meeting on 4 September, the Ministerial Committee on Economic Policy discussed measures required in the electricity derivatives market. Stabilisation measures were also discussed in the government evening session on 4 September. The proposed central government scheme is a last-resort financing option for companies that would otherwise be at risk of insolvency.https://valtioneuvosto.fi/en/-/10616/government-proposes-measures-to-stabilise-the-electricity-derivatives-market
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20.10.2022 | The aim of the proposal is to support low-income households that have difficulties in paying their electricity bills. Financial support for electricity would be available to households that can-not, due to their low income, fully make use of the tax credit for household expenses to deduct their electricity bills.https://valtioneuvosto.fi/en/-/1271139/government-proposal-on-financial-support-for-electricity-for-households-submitted-to-parliament
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29.9.2022 | Energy ministers from the EU Member States will convene for an extraordinary Energy Council meeting on Friday 30 September 2022. Their aim is to reach an agreement on a proposed EU regulation concerning an emergency intervention to address high energy prices and to mitigate their negative effects on consumers.https://valtioneuvosto.fi/en/-/1410877/eu-energy-ministers-decide-on-measures-to-reduce-electricity-prices-in-winter
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5.9.2022 | The Government is proposing a EUR 10 billion loan and guarantee scheme for the energy sector. The aim is to ensure that energy companies can function through the current exceptional situation and to secure the effective functioning of the electricity market.https://valtioneuvosto.fi/en/-/10623/supplementary-budget-proposal-to-secure-the-effective-functioning-of-the-electricity-market