Electricity Market Act

Confirmed in parliament on the proposal of Jyrki Katainen’s government in 2014

Prime Minister Jyrki Katainen and Heikki Autto on an election tour in Keminmaa in May 2014.

When the simple was made complex and expensive

It has become expensive for customers, but in addition to that, civil servants and MPs have spent thousands of working hours to find ways to fix the problems brought by the law. But no one has wanted to deal with the actual cause of the problem.

In Finland, you can make a legal initiative if you collect 50,000 names. If Finland had a similar constitution to Switzerland, by collecting 50,000 names you could also demand a referendum to repeal the Electricity Market Act. And it should be organized.


In Finland, electricity was usually sold by municipal electricity facilities for decades. They bought electricity from the electricity producer with multi-year contracts. They were also responsible for the electricity grid. The price of electricity also remained stable.

In 2013, this changed significantly. The majority of the Parliament brought the Electricity Market Act into force. It separated electricity sales and electricity distribution. In practice, the sale of electricity went to the stock exchange.

This also happened throughout the EU. In addition, an agreement was made in which the price of electricity would be determined according to the most expensive production method. Electricity is produced by nuclear power, coal and oil-based fuels, hydropower, wind power and gas. Because Europe has wanted to completely get rid of Russian natural gas and oil due to the conflict in Ukraine, it has raised the price of electricity significantly. It is also priced according to consumption. The higher the consumption, the higher the price.

The prevailing situation has resulted in electricity producers such as nuclear, hydro and wind generating huge profits recently. And at the same time great payment difficulties for other companies and households.

Usually, when companies agree on the price level of their products, it is called a cartel. It is prohibited by law. But in this case it has the approval of politicians and authorities.

Electricity Market Act  9.8.2013/588

Sähkömarkkinalaki 588/2013 – Ajantasainen lainsäädäntö – FINLEX ®


The purpose of this law is to ensure the conditions for efficient, reliable and environmentally sustainable national and regional electricity markets and the internal electricity market of the European Union in such a way that good security of electricity supply, competitive electricity prices and reasonable service principles can be secured for end users. The primary means of achieving this are securing healthy and functioning economic competition in the production and delivery of electricity and maintaining reasonable and equitable service principles in the operation of electricity networks.”

With the Electricity Market Act, citizens were deprived of an essential basic security. Stable and predictable price development of electricity.

Authors of the Electricity Market Act

Katainen’s government (22.6 2011 – 24.6 2014)

Kokoomus (Coalition, Right-wing party) . . . 6

SDP (Social Democratic Party) . . . . . . . . . . 6

RKP (Party of the Finnish Swedes) . . . . . . . 2

Vasemmistoliitto (Left Alliance) . . . . . . . . . . 2

Vihreät (greens) . . . . . . . . . . . . . . . . . . . . . . 2

Kristillisdemokraatit (Christian Democrats) . 1

Prime minister

Katainen, Jyrki Tapani  – Kokoomus

Minister of Foreign Affairs

Tuomioja, Erkki Sakari  – SDP

Minister of European and Foreign Trade

Stubb, Cai-Göran Alexander – Kokoomus

Minister of Development

Hautala, Heidi Anneli  – Vihreät

Minister of Justice

Henriksson, Anna-Maja Kristina – RKP

Minister of the Interior

Räsänen, Päivi Maria – Kristillisdemokraatit

Minister of Defense

Haglund, Carl Christoffer – RKP

The Treasury minister

Urpilainen, Jutta Pauliina – SDP

Minister of Administration and Municipalities

Virkkunen, Henna Maria -Kokoomus

Minister of Culture and Sports

Arhinmäki, Paavo Erkki – Vasemmistoliitto

Minister of Education

Kiuru, Krista Katriina – SDP

Minister of Agriculture and Forestry

Koskinen, Jari Antero – Kokoomus

Minister of Transport

Kyllönen, Merja Sinikka – Vasemmistoliitto

Minister of Economic Affairs

Vapaavuori, Jan Pellervo – Kokoomus

Minister of Labour

Ihalainen, Lauri Armas – SDP

Minister of Social Affairs and Health

Risikko, Paula Sinikka – Kokoomus

Minister of Basic Services

Huovinen, Krista Anri Susanna – SDP

Minister of the Environment

Niinistö, Ville Matti – Vihreät

Minister of Housing and Communications

Viitanen, Pia-Liisa – SDP

The information in this write-up is compiled from official / public sources.

In Keminmaa on 16 December 2022

Reijo lahdenperä

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