Energy

Consultation on Finland's market reform plan

Consultation period

14 July 2020 to 25 August 2020

Target group(s)

National, regional and local authorities, private companies, industry associations, small and medium enterprises(s), consumer organisations, trade unions, NGOs, environmental organisations, consultancies and, other stakeholders.

Objective of the consultation

The European Commission is making a consultation on electricity market reforms in Finland. As outlined in the EU’s energy market rules (Article 20(3) of Regulation (EC) No 2019/943 of 5 June 2019 on the internal market for electricity), a Member State that is facing likely supply shortages is requested to reform its electricity market. On 10 July 2020, Finland submitted its planned reform measures to the Commission. As the Commission will have to issue an opinion on the Finnish plan, it seeks stakeholders’ views on the planned reforms.

Stakeholders should submit their input by 25 August 2020.

Context of market reforms

The Commission recognises that markets can provide the right amount and type of generation capacity to meet demands from users, if they are well designed, free of regulatory distortions and sufficiently connected to the EU electricity network. This is where the requirement to reform electricity markets stems from. Capacity mechanisms should only be introduced to address residual adequacy problems that cannot be solved by removing distortions.

Member States are therefore required to adopt measures to eliminate the identified distortions. In the plan, they must also include a timeline for the implementation.

The objective of this consultation is to seek your views on the measures proposed by Finland in its implementation plan. In your assessment, please consider whether the measures can contribute towards the removal of existing regulatory distortions and market failures.

The Commission will issue its opinion taking into account the feedback it receives from this consultation.

How to submit your contribution

Respondents can submit their comments and opinions to the functional mailbox by 25 August 2020:

ener-market-reforms@ec.europa.eu

Please read the specific privacy statement for this consultation regarding the collection and use of your personal data provided on this occasion and the rights and obligation deriving therein. In case you would like to keep your submission confidential, please indicate so in your submission.

We welcome your contribution in any official language of the European Union. However, we would prefer receiving your contribution in English.

Reference document

Finnish electricity market development and implementation plan

Contact details

Responsible service: DG Energy, Unit B2 Internal Market, Wholesale markets; electricity and gas

Postal address:

European Commission
Directorate General for Energy
Unit B2 - Internal Market, Wholesale markets; electricity and gas
1049 Brussels
Belgium

Email: ener-market-reforms@ec.europa.eu