How much electricity does Finland import?

(IEA 2023) Finland is a net importer of electricity, importing about 18-24 TWh of electricity per year during 2018-2022. Thanks to the start of the nuclear reactor Olkiluoto 3 and increasing capacity of renewable generation, Finland´s electricity imports are expected to decrease significantly.

What percentage of Finnish electricity is bought from power exchanges?

The share of electricity bought from the power exchange in relation to the Finnish electricity consumption has increased considerably since Finland joined the Nordic power market area in June 1998. The share of electricity procured from Nord Pool and EPEX SPOT power exchanges covered 79 per cent of the Finnish physical consumption in 2023.

How has the Finnish energy sector changed over the last two years?

Especially, events during the last two years have brought irreversible changes to the Finnish energy sector and its future prospects. Finland’s rapid reduction in the import of Russian fossil fuels, the deployment of a new nuclear reactor, and strong growth in wind generation, just to mention a few examples.

How are energy disputes resolved in Finland?

In Finland, the disputes between household consumers and energy companies in individual cases may be solved in the Consumer Disputes Board which is a neutral and independent expert body whose members represent consumers and business in a balanced way.

Are electricity retailers in Finland fully ownership unbundled?

Only a few of the electricity retailers in Finland are fully ownership unbundled from electricity network activities. Though legally unbundled, most of the electricity retailers still belong to a same group of companies as a local distribution system operator or they are owned by one or several distribution system operators.

How can Finland save energy?

The state administration launched in October 2022 a nationwide campaign1 to encourage citizens and enterprises to save energy. The short-term goal for the campaign has been to get over 95 per cent of Finnish households to save energy and cut down on their consumption by 5 per cent during peak hours.