Electricity market

The customers’ needs determine how much electricity is procured: produced or imported – and at what price.

The price of electric energy is determined in the wholesale market, and the retail market operates between the electricity suppliers and customers.

All electricity customers, such as households and businesses, can buy their electricity from an electricity supplier of their choice. The market has been open for over 20 years.

The largest electricity users have for long produced their electricity partly themselves or purchased it from the electricity wholesale market. Smaller customers can also act in the same way if they so wish. For example, households can buy their electricity directly according to the price determined in the wholesale market or produce part of their own electricity with their own equipment.

The common electricity market and electricity network are also useful for those who produce part of their electricity themselves as they can be used for constantly balancing the demand and supply of electricity in Finland.