Fingrid Delivers. Responsibly.
Fingrid Oyj is Finland’s transmission system operator: its owners are the Finnish state and Finnish pension insurance companies. Our mission is to secure the supply of energy in our society in all circumstances and to promote a clean, market-based power system.
We secure Finland’s energy supply by transmitting electricity through the main grid – the high-voltage network or ”highway” of the power system – from production facilities to industrial customers and electricity companies. The nationwide main grid forms the backbone of the electricity transmission network, connecting major electricity producers, factories with high energy consumption, and distribution networks.
Fingrid ensures disturbance-free access to electricity in Finland. A constant balance is required between the production and consumption of electricity. It is our statutory duty to maintain this balance 24/7. We do not produce electricity ourselves, but can temporarily generate power with reserve power plants in the event of disturbances.
The Finnish power system is part of the joint Nordic power system. Electricity is constantly flowing from one country to another, and Finland is also connected to the Central European power system through electricity transmission connections. Finland also has transmission connections to Estonia. These cross-border connections safeguard the power system’s security even in the coldest winters. On the other hand, sufficient transmission connections are also the best guarantee of a functioning electricity market.
A customer-oriented monopoly
Our company is a natural monopoly, meaning that there is no competition in our sector. It would not be economically sensible for several companies to build expensive redundant infrastructures, so operation of the main grid is a state-regulated monopoly.
Even though their operations are very similar at their core, not all transmission system operators are the same. We want to stand out from other TSOs with our efficiency and customer-oriented attitude. Our service provision is highly customer-oriented and we keep the main grid transmission prices low. Fingrid offers one of the most affordable electricity transmission prices in Europe.