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                     ANNUAL REPORT

Towards a climate neutral Finland

Managing the energy crisis demanded bold actions from us, including the ability to communicate about the electricity shortage. Due to major uncertainty, Finns had to anticipate possible power outages caused by electricity shortages and prepare for electricity-saving measures. In addition to the adequacy of electricity, citizens were also very concerned about the extremely high price of electricity. 

Fingrid in figures 2022

Investments in the main grid
M€
Electricity transmission reliability rate
%
Electricity transmitted in the main grid
TWh
Electricity transmitted in the main grid
%
of electricity transmission in Finland
Credit rating (S&P)
A+
Customer recommendation
cNPS
Average number of employees
Lost time injury frequency (LTIF)
per million worked hours

Electrifying carbon-neutral Finland

We were able to make progress on demanding transmission line and substation projects as planned – on schedule and on budget. We had a record number of projects in the construction and planning phase. Based on the updated main grid development plan, it was estimated that at least three billion euros will have to be invested in the main grid over the next ten years. Wind power construction continues in Finland, and we have already connected more than 5,000 megawatts of wind power to the main grid. 

Fingrid’s Corporate Responsibility and Sustainable Development in figures 2022

Material recycling rate at Fingrid worksite
%
Wind power connected to the grid
MW
Finland's
largest corporate tax payer
Fingrid employees’ promoter score
eNPS

Concern about the sufficiency of electricity

“In the winter months, there has been enough electricity in Finland. The weather has favoured electricity production, and production units and transmission links have operated reliably. I would like to thank everyone in Finland who has saved electricity and shown flexibility.”

Tuomas Rauhala, Senior Vice President, Power System Operation


Concern about the sufficiency of electricity
Grid connection opportunities in Grid Scope
Grid connection opportunities in Grid Scope
Fingrid has developed a Grid Scope map service together with customers. The map provides information on the grid’s connection possibilities over different years as well as…
 Datahub launched
Datahub launched
The Datahub launched its operations at the start of 2022, compiles information on electricity accounting points into one system. Approximately 80 DSOs in charge of electricity…
Down a degree campaign fought the electricity shortage
Down a degree campaign fought the electricity shortage
In the winter of 2022, Fingrid participated in the Motiva’s ‘Down a degree campaign, aimed to inspire private citizens, organisations and communities to save energy throughout the…
Future scenarios of power system published
Future scenarios of power system published
Fingrid released a draft of Finland’s electricity system vision, which includes four separate future scenarios on electricity production and consumption development for the years…