By operating cost-efficiently, we have succeeded in keeping prices low, although the revolution in the power system has significantly increased the need for investments in the main grid. Fingrid has been able to reduce its fees by more than 10 per cent since 2017.
“Fingrid aims to keep price changes moderate in the future with the help of a well-timed, correctly measured investment programme, good management of cash flow and risk, and investments in projects to enhance efficiency. The regulatory model calls for rates of return to decrease year by year, and this is also keeping prices in check,” says CFO Jan Montell.
“I am highly satisfied that we are able to keep our grid service fees unchanged during these challenging times. While the consumption of electricity is decreasing due to the mild winter and the coronavirus pandemic, we are investing at a rapid pace to address the growing needs of the future,” says Jussi Jyrinsalo, Senior Vice President in charge of customer relationships and grid planning.
Despite the cost-efficiency measures, the electricity transmission reliability rate is excellent. The main grid and cross-border transmission connections to Finland’s neighbouring countries operate reliably.
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