Fingrid will make a further reduction in the price level of grid transmissionFingrid’s positive cost trend has enabled the company to transfer part of the profit to improve the company’s balance sheet. During the 10-year history of Fingrid, its equity ratio has grown from 10 per cent to approximately 25 per cent. The company considers this as a target level in its present operating environment.
In line with increasing equity ratio, the price level of grid transmission has had a decreasing trend. Most recently, the company reduced the transmission prices by an average of 5 per cent at the beginning of this year.
Based on its continued positive economic outlook, Fingrid has decided to reduce the price level of grid transmission by 2.5 per cent as of 1 January 2007.
Fingrid has reduced the transmission price by a total of over one fifth during its 10-year existence.
Timo Toivonen, President & CEO, +358 (0)30 395 5250, +358 (0)40 560 5250
Pertti Kuronen, Director, Grid Service, +358 (0)30 395 5127, +358 (0)400 462 614