In recent news, Helen Sähköverkko announced that it will waive electricity transmission fees for two months, affecting its roughly 420,000 customers. On the other hand, Caruna has no current plans to stop collecting transmission fees from its customers. Fingrid did not collect a portion of grid fees last year and this influenced Helen Sähköverkko’s decision to waive the online service fee for its customers in April and May. While Caruna has not yet made a decision on pricing changes, the company must ensure sufficient cash flow for investments and operational responsibilities.
Fingrid is responsible for 20% of Finland’s electricity distribution and operates in several regions with around 737,000 customers. Changes in Fingrid’s grid fees can affect distribution costs and the company faced challenges in reducing prices due to inflation and rising interest rates in recent years. In response, Fingrid did not collect grid fees from its customers for six months in the past year leading to reduced payments and record high bottleneck revenues. These revenues support cross-border investment projects and can lower national grid fees. Fingrid plans to continue this strategy and not collect main network fees for six months in 2024.
