Electricity prices in Finland
What a household in Finland pays for electricity, where the power comes from, and how the country differs from its neighbours.
Finland is a single bidding zone, and its wholesale price is among the most volatile in the Nordics. Nuclear power gives it a large, steady base, but a fast-growing fleet of wind turbines means that windy nights can push the price below zero, while a cold, still evening in January can push it among the highest in Europe.
Many Finnish households feel these swings directly, because spot-price contracts (pörssisähkö) that follow the exchange price hour by hour are widespread. This page does not show Finland's day-ahead prices; it shows Eurostat's official household prices instead, together with the yearly generation mix.
The exchange's hourly prices in Finland may not be freely republished, so this page does not show them. The household prices here are Eurostat's official figures, updated every six months.
Where does the electricity in Finland come from?
Gross electricity generation in 2024 by energy source. Source: Eurostat (nrg_bal_peh).
Household price since 2023
Average price per kWh, all-in, for a household using 2,500–5,000 kWh a year. Source: Eurostat (nrg_pc_204).
A household in Finland using 2,500–5,000 kWh a year paid 26.9 c/kWh on average, all-in, in H1 2026, 18% more than a year before (Eurostat).
Eurostat's figure for each half-year, with taxes, levies, network costs and VAT. Updated twice a year.
How the electricity price works in Finland
One zone on the Nordic exchange
All of Finland forms one bidding zone, FI. Its price is set each day for the following day on the Nordic day-ahead market, which is coupled to the rest of Europe. When the links to Sweden and Estonia have spare capacity, Finland often shares a price with one of them; when they are full, the Finnish price goes its own way.
Fingrid runs the national transmission grid. The Energy Authority (Energiavirasto) supervises network companies and the market. Retail prices are free: households choose between fixed-term contracts at a fixed price, open-ended contracts the supplier can reprice, and spot contracts.
Network fee, electricity tax and 25.5% VAT
The bill has an energy part from the supplier and a transmission part (siirtomaksu) from the local distribution company, which has a monopoly in its area. Network fees differ widely between companies and tend to be higher in sparsely populated areas, where long lines have been moved underground to make them storm-proof, at considerable cost.
The electricity tax (sähkövero) is charged per kWh on the network bill, together with a small security-of-supply fee. VAT on electricity has been 25.5% since 1 September 2024 and applies to energy, network and tax alike.
Why Finland's price can go below zero
Finland's wind power has grown much faster than its ability to use or export it. On nights with strong wind and low demand, when nuclear plants are running and the cables to Sweden and Estonia are full, producers may accept negative prices rather than stop. The spring flood in the northern rivers can add to the surplus.
The opposite happens in winter. Electric heating is common, and a cold spell with little wind lifts demand just when supply is tight. If a large reactor is offline at the same time, prices can jump sharply. Since imports from Russia ended in May 2022, Finland relies on its western and southern links for the gap.
Nuclear first, wind close behind
Nuclear is the largest source, from five reactors: three at Olkiluoto on the west coast and two at Loviisa in the south-east. Olkiluoto 3, one of the largest reactors in Europe, entered regular production in 2023. Wind power is now the second source, built mostly on land along the western coast.
Hydropower from rivers such as the Kemijoki and Oulujoki supplies a steady share, and biomass, largely from the forest industry, feeds combined heat and power plants. Coal and peat have fallen to very little.
Between Sweden, Estonia and Norway
Sweden is Finland's main partner. Lines in the north link Finland to SE1, and the Fenno-Skan cables cross the Gulf of Bothnia to SE3, so Swedish hydro and nuclear often set the Finnish price. To the south, the Estlink cables reach Estonia, where generation has long relied on oil shale and the price tends to be higher.
Norway, almost entirely hydro, borders Finland only in the far north with a small connection, so its influence comes mainly through Sweden.
Finland compared with its neighbours
In 2024, nuclear made 39%, wind made 25% and hydro made 17% of the electricity generated in Finland. Wind, solar, hydro, nuclear and bioenergy together made 95% of generation in Finland.
Gross electricity generation in 2024 by energy source. Source: Eurostat (nrg_bal_peh). Pumped hydro is left out.
Voltly does not cover Finland yet
Voltly shows hourly prices in Denmark, Norway, Sweden, Germany, France, Netherlands and Belgium.
Voltly is for Denmark, Norway, Sweden, Germany, France, the Netherlands and Belgium.
Questions about the electricity price in Finland
- What does an ordinary household in Finland pay for electricity?
- A household in Finland using 2,500–5,000 kWh a year paid 26.9 c/kWh per kWh on average, all-in, in H1 2026, according to Eurostat. The price varies with the network company and the contract.
- How much of the electricity in Finland comes from nuclear?
- 39% of the electricity generated in Finland came from nuclear in 2024 (Eurostat), the largest single source.
- How does the power mix in Finland compare with the neighbours?
- In 2024: Finland: nuclear 39%, wind 25%; Sweden: hydro 37%, nuclear 29%; Estonia: coal, lignite and peat 23%, bioenergy 21%; Norway: hydro 88%, wind 9%.
- Why does this page show no hourly prices for Finland?
- Finland's day-ahead prices are published by the power exchange, but they may not be freely republished. The page therefore shows Eurostat's official household prices, which include network fees and taxes, and the yearly generation mix instead.
- Does Finland still import electricity from Russia?
- No. Imports from Russia stopped in May 2022. The capacity they used to cover now has to come from Finnish generation and from Sweden, Estonia and Norway, which is one reason winter peaks have become more sensitive.
- What happens to the price when Olkiluoto 3 is offline?
- Olkiluoto 3 is the largest single generating unit in the Nordics, so when it is out for maintenance or a fault, a large block of steady supply disappears. Prices rise, most noticeably on cold, calm winter days when imports are already at their limit.