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FAQs 6
Where to buy electricity in Finland?
Fortum Oyj – Fortum (a major Finnish energy company, partly state-owned) is one of the largest electricity retailers in the Nordics. Fortum serves households, SMEs, and large enterprises across Finland. It offers a popular hourly-priced contract called “Fortum Tarkka”, where customers pay the Nord Pool hourly spot price + a small margin.
How do electricity prices work in Finland?
Electricity retail prices in Finland are unbundled into several components. End-users pay for the energy itself and the delivery of that energy, plus government taxes. In practice, an electricity bill has three main parts: energy, network (transmission/distribution), and taxes, all of which are subject to VAT.
What is Finland's energy source?
Finland’s electricity generation is now dominated by low-carbon sources, with nuclear power providing the single largest share. In 2024, roughly 95% of Finland’s electricity production came from fossil-free sources (nuclear, wind, hydro, solar, and bioenergy). Total consumption was about 82.7 TWh in 2024 (up 3% from 2023).
Does Finland have a spot-priced electricity market?
Finland’s extensive use of spot-priced contracts (see next section) means many consumers experienced price volatility, but over the year Finnish retail prices (∼15–20 c/kWh for households) remained moderate by European standards.
What is electricity tax in Finland?
Electricity Tax (Excise Duty): Finland levies an electricity consumption tax on end-users, collected via the DSO. This “sähkövero” is charged per kWh used and is added on the distribution bill. The tax is set by government to raise revenue and incentivize energy savings. There are two tax classes in Finland:
Who are the best energy providers in Finland?
Below are some notable providers and the nature of their offerings: Fortum Oyj – Fortum (a major Finnish energy company, partly state-owned) is one of the largest electricity retailers in the Nordics. Fortum serves households, SMEs, and large enterprises across Finland.
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