The Finnish Act on the feed-in tariff of electricity produced from fuel peat in condensing power plants was in force from the beginning of May 2007 till the end of December 2010. The purpose of the Act is to give priority in the running order of power plants in the Finnish power system to condensing power plants which fire domestic fuel peat over condensing power plants which use coal, natural gas and fuel oil.
The Act stipulates that it was Fingrid’s administrative duty to acquire funding for the feed-in tariff system by levying a feed-in tariff fee on electricity consumption which is connected directly or indirectly to the main transmission grid. Within Fingrid, this duty had been assigned to Finextra Oy, a subsidiary fully owned by Fingrid.