Fingrid

Fingrid does not sell electricity to consumers — it operates only at transmission level. Power plants feed electricity into Fingrid's grid, and local grid companies (e.g. Caruna, Helen Sähköverkko) deliver it to consumers via lower-voltage regional grids.

Fingrid's other role is real-time system balancing: every second, production and consumption must match, otherwise the grid frequency deviates from 50 Hz. Fingrid buys balancing power from the market (reserves, balancing energy).

Fingrid also publishes real-time data on production, consumption, imports and emissions at data.fingrid.fi. Verrokit's production and weather pages use Fingrid open data.

Fingrid's role in the electricity market

Fingrid is a Finnish state-owned company (Finnish state 55.24 %, Municipal Finance Corporation 36.24 %, pension funds the rest). Its tasks are legally defined: operating the transmission grid, offering transmission capacity, maintaining the market, and frequency balancing.

Fingrid does not generate profit for private owners — it is a natural monopoly (only one transmission grid can exist). Pricing is regulated by the Energy Authority. Transmission fees are priced to cover grid construction and maintenance, not to maximise return.

Fingrid open data

Fingrid publishes data at data.fingrid.fi — real-time production per fuel, consumption, cross-border transfers, CO2 emissions per kWh, forecasts. Updated every 3 minutes and freely usable (CC-BY 4.0).

Verrokit uses this data on the production page and in the CO2 comparison. The tomorrow's price page also combines Fingrid wind forecasts with Nord Pool price forecasts.

Fingrid and your electricity bill

You do not pay Fingrid directly — Fingrid charges your local grid company (Caruna, Helen Sähköverkko etc.) for transmission, and the grid company adds this to your transfer fee. Fingrid's share of the transfer fee is typically 10–20 %.