sähkömarkkinalain

The Sähkömarkkinalaki, or Electricity Market Act, is the primary legislation governing the electricity market in Finland. It establishes the framework for the operation, regulation, and development of the electricity sector. The law aims to ensure a functioning and competitive electricity market, providing consumers with access to electricity under fair conditions and promoting the efficient use of energy resources.

Key aspects covered by the Sähkömarkkinalaki include the unbundling of electricity transmission and distribution activities from electricity generation and supply. This separation is designed to prevent any single entity from controlling both the infrastructure and the supply of electricity, thereby fostering competition among electricity providers. The Act also defines the roles and responsibilities of market participants, including transmission system operators, distribution system operators, electricity producers, and electricity suppliers.

Furthermore, the Sähkömarkkinalaki outlines the regulatory powers of the national energy authority, which oversees the implementation of the law. This includes granting licenses, monitoring market activities, and intervening in cases of market abuse or insufficient competition. The legislation also addresses consumer rights, such as the right to choose an electricity supplier, access to information about electricity prices and contracts, and protection against unfair commercial practices. The Act is periodically updated to reflect changes in the energy landscape, technological advancements, and EU directives.