Fingrid raises the grid transmission fees by two per cent

Fingrid OyjStock Exchange Release 4 October 2021 at 12:00 EETFingrid is raising the fees for electricity transmission in the main grid by an average of two per cent in 2022. One of the key reasons for the increase is the rising cost of market-based reserves. Reserves ensure that generation and consumption are in balance in the power system.Fingrid has succeeded in maintaining its cost-efficiency. According to the latest European comparison, Fingrid's grid service fees are the...

Helsinki, 04/10/2021 (informazione.news - comunicati stampa - energia)

Fingrid Oyj
Stock Exchange Release 4 October 2021 at 12:00 EET

Fingrid is raising the fees for electricity transmission in the main grid by an average of two per cent in 2022. One of the key reasons for the increase is the rising cost of market-based reserves. Reserves ensure that generation and consumption are in balance in the power system.

Fingrid has succeeded in maintaining its cost-efficiency. According to the latest European comparison, Fingrid's grid service fees are the second-lowest in a reference group of about 20 countries. Fingrid aims to remain among the least expensive transmission system operators in the future, thereby providing Finnish companies with a competitive advantage.

The company is executing a demanding investment programme, which will enable the new investments required for electricity generation and consumption in Finland. The investment programme will help to safeguard transmission reliability, implement new connections to the main grid, as required for the clean electricity system, and ensure that Finland remains a single electricity price area.

Further information:

Jan Montell, CFO, Fingrid Oyj, tel. +358 30 395 5213
Jussi Jyrinsalo, Senior Vice President, Transmission System Services and Grid Planning, Fingrid Oyj,  tel. +358 30 395 5118

Email addresses are in the form firstname.lastname@fingrid.fi