energiakustannussääntö

The energiakustannussääntö, which translates to "energy cost rule" or "energy cost regulation" in English, refers to a specific set of governmental measures implemented in Finland. These measures are designed to mitigate the impact of significantly rising electricity prices on households and businesses.

The core principle of the energiakustannussääntö is to provide financial assistance to consumers when the price of electricity exceeds a certain threshold over a sustained period. This assistance typically takes the form of a direct subsidy or a compensation mechanism, aimed at easing the burden of exceptionally high energy bills. The specific details of the rule, including the price thresholds, duration of eligibility, and the amount of compensation, are subject to government decrees and can vary depending on the prevailing economic conditions and the severity of the energy price shock.

These regulations are often introduced as a temporary measure during periods of extreme market volatility in the energy sector, often triggered by geopolitical events, supply chain disruptions, or other factors that lead to a sharp and unexpected increase in wholesale electricity prices. The objective is to ensure the affordability of essential energy services for consumers and to prevent widespread economic hardship. The implementation and management of the energiakustannussääntö typically involve energy companies and social welfare authorities in Finland.