Electricity prices in Finland

Finland produces most of its electricity from nuclear, hydro, wind and biomass, with the Olkiluoto reactors making it one of the most low-carbon systems in Europe. The retail market is liberalised and part of the Nordic exchange, so households can pick fixed, variable or hourly spot-priced contracts, and smart meters are universal.

Bills are issued in euro and have two parts: the electricity sold by the chosen supplier and the network fee paid to the local distribution company, which is a regional monopoly supervised by the Energy Authority. Electric heating and heat pumps are common in detached houses, so winter consumption is high, while apartment blocks in cities mostly use district heating. Electric saunas are a familiar part of household demand.