Transmitting electricity in Finland is still the second most affordable in Europe in 2021
The European Network of Transmission System Operators for Electricity (ENTSO-E) makes an annual comparison of electricity transmission prices. Transmitting electricity in Finland was still the second most affordable in 2021. Overall, 36 countries were included in the comparison. Of these, 19 are EU/EEA countries comparable to Finland, with geographically extensive main grids operating at various voltage levels. The cheapest of these were Slovenia, Finland and Norway.
According to the comparison of transmission prices of European transmission system operators, Finland has the second most affordable electricity transmission.
The price comparison sums the average transmission price paid by production and the average transmission price paid by consumption, i.e. the comparison shows the costs of the entire transmission chain. Inflation was already visible in main grid transmission prices in 2021. In absolute terms, transmission prices increased on average, but at inflation-adjusted real prices, prices fell by an average of 1.32 per cent. However, significant fluctuations in electricity prices and the accumulation of ‘bottleneck revenues’ will have a significant impact on transmission prices in 2022.
"According to Fingrid's value pledge, our services are among the cheapest in Europe. In addition to low pricing, we have been able to ensure a reliable, uninterrupted supply of electricity to customers and maintain a single price area in Finland. However, efforts are constantly being made to improve operational efficiency and practices, as we want to continue to promote Finland's competitiveness for our part," says Jussi Jyrinsalo, Senior Vice President, Transmission System Services and Grid Planning.
Jussi Jyrinsalo, Senior Vice President, Transmission System Services and Grid Planning, Fingrid Oyj, tel. +358 30 395 5118