The energy transformation is shaping Fingrid’s operating environment

29%

66,0 TWh

73,6 TWh

8,1 TWh

0,5 TWh

30%

77,8 TWh

90,4 TWh

15,4 TWh

2,9 TWh

47%

65,0 TWh

85,5 TWh

22,6 TWh

2,1 TWh

In the 2020s, the share of renewable energy will rise and account for more than 50% of end consumption.

Estimate by the Ministry of Employment and the Economy: less than 90 TWh Consumption is growing slowly and steadily

1997 The electricity markets are opening up

2007 Maximum annual electricity consumption

2017 Share of renewables at an all-time high

2025 Consumption will stay below the early-2000s level

Production

Electricity production in Finland

Electricity consumption in Finland

Electricity imports

Electricity exports

Share of renewable energy sources of electricity production in Finland in 1997–2025

Electricity production and consumption in Finland in 1997–2025

Finland’s electricity imports and exports in 1997–2025

Flexible working life

Fingrid employees capable of renewal and boldly embracing change are at the core of our strategy. We place greater emphasis on our personnel’s work performance than their working hours.

Strategy

The consumer is taking the driver’s seat.

Open data as an enabler

Digitalisation helps improve productivity and create new services and work methods.

Risks under control

As dependence on electricity increases, ensuring transmission reliability plays an increasingly important role in the work of Fingrid employees.

Flexible working life

Fingrid employees capable of renewal and boldly embracing change are at the core of our strategy. We place greater emphasis on our personnel’s work performance than their working hours.

Strategy

The consumer is taking the driver’s seat.

Open data as an enabler

Digitalisation helps improve productivity and create new services and work methods.

Risks under control

As dependence on electricity increases, ensuring transmission reliability plays an increasingly important role in the work of Fingrid employees.

Fingrid's strategy

“The electrification of society is an efficient way to put an end to the considerable carbon dioxide emissions caused by the energy system.”

Jukka Ruusunen, President & CEO

Customer satisfaction

3.9/5

Taxes paid, M€

30.57

Credit rating (S&P)

AA-

Electricity transmission reliability

99,9997 %

Employee engagement (PeoplePower)

AAA

Occupational safety, LTIF

8 Nordic co-operation is beginning to take shape

Nordic co-operation has been overshadowed by a dispute between the transmission system operators over the development and future model of imbalance settlement. However, Nordic transmission system operators have continued negotiations to reach an understanding on the future imbalance settlement model and the related decision-making.

Ensuring transmission capacity

In 2017, Fingrid completed the 400-kilovolt connection from Pori to Oulu, called Rannikkolinja. Valued at EUR 260 million, it is the largest investment in Fingrid’s history.

Co-responsibility for the well-being of Finns

Fingrid’s operations have a direct impact on the well-being of Finns. A responsible way of operating is a natural strategic choice for the company, whether in global co-operation, good governance or transparency.