Factsheet: Act on electricity and natural gas market control

Act on electricity and natural gas market control

Key Information
Full name of Instrument & Measure (English): 
Act on electricity and natural gas market control, Governmental Decree on electricity markets
Full name of Instrument & Measure (native language): 
Laki sähkö- ja maakaasumarkkinoiden valvonnasta (590/2013), Valtioneuvoston asetus sähkömarkkinoista (65/2009)
Description: 
Electrical power network operations are a natural monopoly where the construction of competing electrical power networks is not feasible in regard to the national economy. In electricity market legislation, electrical power network operations have been regulated as operations subject to a permit from the Energy Authority. In addition to granting network permits, the task of the Energy Authority is to monitor compliance by system operators with the obligations specified for them. For the third regulatory period (1 January 2012 – 31 December 2015), the Energy Authority has drawn up regulatory methods for monitoring the reasonableness of the prices charged by electrical power network operators, and has accordingly issued confirmation decisions on monitoring that the prices of electrical power network operators are reasonable. The Energy Market Authority will apply the confirmation decisions according to Article 1 of Clause 1 of section 10 of the act on the monitoring of the electricity and natural gas markets (590/2013).
Goal/Aim: 
Regulate electricity and natural gas markets.

Sector/Topic targeted:

Responsible Authority: 
Energy market Authority

Status:

Year Instrument & Measure Started: 
1995
Year Last Instrument & Measure was last Amended: 
2013