Sähkömarkkinalaki

The Sähkömarkkinalaki, or Electricity Market Act, is the primary legislation governing the electricity market in Finland. This law aims to ensure a functional and competitive electricity market that benefits consumers. It establishes the framework for the production, transmission, distribution, and sale of electricity.

Key aspects of the Sähkömarkkinalaki include the unbundling of electricity network activities from electricity sales. This means that companies operating electricity grids must be legally and operationally separate from companies selling electricity to end-users. This separation is intended to prevent discrimination and ensure fair access to the grid for all electricity suppliers.

The law also defines the rights and obligations of electricity consumers, including the right to choose their electricity supplier and the right to transparent pricing. It sets out rules for electricity contracts, billing, and consumer dispute resolution.

Furthermore, the Sähkömarkkinalaki outlines the responsibilities of the energy authorities, primarily the Finnish Energy Authority (Energiavirasto), in overseeing the electricity market. The Energy Authority monitors compliance with the law, grants licenses, and intervenes in cases of market distortion or consumer harm. The legislation is periodically updated to adapt to changes in the energy sector, such as the increasing integration of renewable energy sources and the development of smart grids.