Finland energy storage quotation

Are there other gas storages in Finland?

In Finland there are no other gas storages. Gasgrid Finland Oy submitted its application for the certification of the TSO to the Energy Au-thority in January 2020. Final certification decision was given on 19 August 2020. Gasgrid Finland Oy is fully owned by the State of Finland.

Can electricity suppliers decide retail prices in Finland?

Electricity suppliers may decide retail prices by themselves in Finland. For retail supply, there are no regulated tariffs which should be approved by the Energy Authority or any other author-ities before taking into use. Retail prices were still high during spring 2023 following the energy crisis in autumn 2022.

How can Finland save energy?

The state administration launched in October 2022 a nationwide campaign1 to encourage citizens and enterprises to save energy. The short-term goal for the campaign has been to get over 95 per cent of Finnish households to save energy and cut down on their consumption by 5 per cent during peak hours.

Does Finland have a battery supply chain?

Finland’s government sees critical mineral production and the battery supply chain as promising areas for economic development that also support energy transitions. Finland has large deposits of cobalt, nickel, lithium, graphite and other critical minerals – and is home to the only company outside China supplying cobalt for lithium-ion batteries.

What percentage of Finland's energy supply is based on fossil fuels?

In 2021, fossil fuels covered 36% of Finland’s total energy supply (TES), the second-lowest share among IEA countries and much lower than the IEA average of 70%. Finland has no domestic fossil fuel production and all supplies of crude oil, natural gas and coal are imported.

What kind of energy does Finland use?

Finland has no domestic fossil fuel production and all supplies of crude oil, natural gas and coal are imported. The energy intensity of the economy and energy consumption per capita are both very high due to the country’s relatively large heavy industry sector and the high heating demand from its cold climate.