The Finnish government yesterday reached an agreement on three new measures to support households with their energy bills: a retroactive lump-sum compensation, a cap on electricity prices and an extension to the payment terms of electricity bills.
Legislative proposal to cut electricity distribution prices and profits of distribution companies Ministry of Economic Affairs and Employment 28.1.2021 13.28 | Published in English on 3.2.2021 at 9.21 Press release
On 28 January 2021, the Government submitted a proposal to Parliament to curb the rise in electricity distribution prices and cut the profits of distribution companies by amending the Electricity Market Act and the Act on the Supervision of the Electricity and Natural Gas Market. The Acts are intended to enter into force as soon as possible.
“The pricing of electricity distribution has been a source of intense debate for a long time and rightly so. The amendment will curb the increase in distribution fees and cause them to fall,” says Minister of Economic Affairs