Mar 7 • 07:44 UTC 🇫🇮 Finland Iltalehti

Increase in electricity bills for all Finns – Here’s what it’s about

The Finnish government has proposed a significant increase in the electricity security fee, set to take effect on April 1, 2026, as part of its budget negotiations.

The Finnish government has put forward a proposal to raise the electricity security fee from its current rate of 0.013 cents to 0.085 cents per kilowatt hour, which will impact both household and industrial electricity users. This increase is in response to evolving funding needs for the country's security reserve, as outlined in discussions related to the 2026 national budget.

This proposed hike in fees is not only limited to electricity but extends to adjustments in the security fee levied on energy taxation associated with transport and heating fuels, such as gasoline and light heating oil. As a result, the annual revenue from the security fee is expected to rise substantially, from €36 million to approximately €92 million, reflecting a strategic shift in funding sources to ensure stability and security in energy provisioning.

The government's rationale behind these changes emphasizes the necessity to safeguard the financing of the security reserve amid anticipated declines in revenue from fuel sources and increasing funding requirements for maintenance of energy security. These proposed adjustments highlight the broader implications for Finnish households and industries, as they prepare for changing economic conditions in the energy sector.

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