The expanding and changing electricity system increases costs – Fingrid to raise grid service fees at the start of the year

Core Insights - Fingrid will increase grid service fees by 8% starting in 2026 due to a substantial investment program and rising costs in the expanding electricity system [1][2][3] - The increase in grid connection fees will also reflect cost developments [1] - Fingrid's investments have facilitated the connection of over 10,000 MW of clean electricity generation, contributing to lower electricity prices in Finland [1][2] Investment and Cost Structure - The growth in costs is driven by an extensive investment program aimed at addressing the needs of main grid customers and enhancing Finland's competitiveness through clean energy investments [2] - The changing electricity system will lead to increased costs in the future due to geographical segregation of electricity consumption and production, which raises transmission needs and losses [3] Impact on Households - The increase in grid service fees will have a moderate impact on household electricity bills, accounting for about 3% of the total bill, resulting in an approximate increase of 0.2% [4] - The electricity bill is composed of three parts: electrical energy (40%), electricity transmission (30%), and taxes (30%) [4]